Prenetics (PRE) Global announced that it has completed the sale of its 3PL distribution business operated by its subsidiary, Europa Sports Partners. The all-stock transaction is valued at up to $13 million, subject to the achievement of certain performance milestones. This strategic divestiture allows Prenetics to further sharpen its focus on IM8, one of the world’s fastest-growing supplement brands, positioning the Company to drive long-term shareholder value by scaling IM8 globally. As IM8 continues to scale rapidly across multiple international markets, Europa’s operating model became increasingly unaligned with the Company’s long-term logistics and global expansion requirements.
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