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Valereum Blockchain announced today that it has signed an agreement to acquire Juno Group of Companies (Juno). The company aims to expand its global influence through recent acquisitions.
Valereum Blockchain will pay 850,000 pounds for this acquisition. Approximately £500,000 will be paid in cash. The reaming amount (£350,000) will be paid in Valereum shares upon completion of the first anniversary.
After the transaction is completed, Valereum’s director Alan Gravett will become Juno’s chairman.The completion of the acquisition is subject to the approval of the acquirer Gibraltar Financial Services Commission.
Richard Poulden, Chairman of Valereum, Say“This acquisition is an important part of the establishment of the Valereum Bridge to provide a fully regulated link between the fiat currency and the cryptocurrency world, and to complement the company’s efforts on the Gibraltar Stock Exchange. It is planned to transfer us in January 2022. The shortening of its name to Valereum Plc reflects the continued expansion of Valereum’s activities and the global vision of its management.”
Valerian Overview At the extraordinary general meeting to be held on January 20, 2022, a resolution will be proposed to change the company’s name from Valereum Blockchain Plc to Valereum Plc. According to the company’s directors, the new name will represent its expanded business activities.
Alan Gravet
In the announcement, Valereum mentioned that Alan Gravett will become Juno’s chairman after the transaction is completed. He has a long history of company management in Gibraltar.
Juno’s major shareholder and outgoing chairman, Russell Johnston, commented: “The outstanding performance of Juno’s employees and the global reach of its fund and trust client base make it a perfect fit for Valereum’s growth plans. When agreeing to this acquisition, Juno has ensured its Both customers and employees will benefit from being part of a large, growing and ambitious financial services group.”
Valereum Blockchain announced today that it has signed an agreement to acquire Juno Group of Companies (Juno). The company aims to expand its global influence through recent acquisitions.
Valereum Blockchain will pay 850,000 pounds for this acquisition. Approximately £500,000 will be paid in cash. The reaming amount (£350,000) will be paid in Valereum shares upon completion of the first anniversary.
After the transaction is completed, Valereum’s director Alan Gravett will become Juno’s chairman.The completion of the acquisition is subject to the approval of the acquirer Gibraltar Financial Services Commission.
Richard Poulden, Chairman of Valereum, Say“This acquisition is an important part of the establishment of the Valereum Bridge to provide a fully regulated link between the fiat currency and the cryptocurrency world, and to complement the company’s efforts on the Gibraltar Stock Exchange. It is planned to transfer us in January 2022. The shortening of its name to Valereum Plc reflects the continued expansion of Valereum’s activities and the global vision of its management.”
Valerian Overview At the extraordinary general meeting to be held on January 20, 2022, a resolution will be proposed to change the company’s name from Valereum Blockchain Plc to Valereum Plc. According to the company’s directors, the new name will represent its expanded business activities.
Alan Gravet
In the announcement, Valereum mentioned that Alan Gravett will become Juno’s chairman after the transaction is completed. He has a long history of company management in Gibraltar.
Juno’s major shareholder and outgoing chairman, Russell Johnston, commented: “The outstanding performance of Juno’s employees and the global reach of its fund and trust client base make it a perfect fit for Valereum’s growth plans. When agreeing to this acquisition, Juno has ensured its Both customers and employees will benefit from being part of a large, growing and ambitious financial services group.”
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