Mavshack AB (publ) (OM:MAV) signed a letter of intent to acquire Nexar Entertainment Ltd, Nexar Productions SL, Nexar Music Ltd and Nexar Football AB from Nexar Group AB (publ) (NGM:NXAR) for SEK 8 million on August 28, 2020. The purchase price will be set off against shares in Mavshack AB. The transaction is expected to conclude no later than in October, 2020.