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Announced

Crown Energy to acquire an 85% stake in AccYouRate Group for €163m.

Synopsis

Crown Energy, an international oil and gas exploration and production company, agreed to acquire an 85% stake in AccYouRate Group, a medical technology company, for €163m ($176m). "I am super happy to be able to begin to deliver on my promise to our shareholders and the market to take a significant step in moving Crown Energy into the rapidly expanding and socially responsible world of medical technologies. I believe this investment will prove very successful in the future and bring substantial value to our company and to our shareholders as well as the wider community who will be able to benefit from this advanced technology," Yoav Ben-Eli, Crown Energy CEO.

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