Prenetics completes sale of its 3PL distribution business

Core Insights - Prenetics has completed the sale of its 3PL distribution business, Europa Sports Partners, in an all-stock transaction valued at up to $13 million, contingent on performance milestones [1] - This divestiture allows Prenetics to focus on IM8, a rapidly growing supplement brand, aiming to enhance long-term shareholder value through global scaling [1] - The operating model of Europa became misaligned with Prenetics' long-term logistics and global expansion needs as IM8 continues to grow in various international markets [1]