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15 Million Euro

Remedy and Tencent Enter Into Convertible Loan Agreement

Remedy's search for fresh capital has been successful with Tencent. The Chinese publisher is providing a loan of 15 million Euro, which can be converted into an equity stake.

Stephan Steininger30.09.2024 07:08
Tero Virtala, CEO Remedy
Tero Virtala, CEO Remedy devcom

Remedy Entertainment is seeking to raise fresh capital via Tencent. As Remedy announced, the company has entered into a 15 million Euro convertible loan agreement with a Tencent-owned company. The loan has an annual non-cash interest rate of 8 per cent and a fixed conversion price of 27.20 Euro per share.

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