An unknown buyer agreed to acquire ESSBIO S.A. (SNSE:ESSBIO-C) on October 25, 2013. As per the terms of the transaction, the buyer will increase its share capital to carry out the merger. The buyer will acquire all the assets and liabilities of ESSBIO S.A. and will change its name to Essbio SA.

The transaction has been approved by the shareholders of Essbio SA.