Apiam Animal Health signs MoU with PETstock

Company News

by Jessica Ellerm


Apiam Animal Health Limited (ASX:AHX) has signed a MoU with PETstock Pty Ltd to open a number of new veterinary clinics within PETstock’s retail outlets across regional and rural Australia.

PETstock is a privately-owned,family-operated specialist retailer of animal products, services and accessories, predominantly targeting the company animal and equine market.

The first proposed centre will be a 24-hour Veterinary Emergency & Referral Centre in PetStock’s recently opened retail superstore in Bendigo.

The companies are working towards a definitive shareholders agreement for the first co-located clinic and will notify shareholders via an ASX announcement once executed.

Shares in Apiam Animal Health Limited (ASX:AHX) are trading 5.29 per cent higher at $0.90.

 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.