January 3, 2017 / 8:02 AM / a year ago

BRIEF-ZUK Elzab signs cooperation agreement with JNJ

Jan 3 (Reuters) - ZUK Elzab SA :

* Said on Monday that it received a signed cooperation agreement from Dec. 30 with Dubai-based JNJ Ltd (JNJ)

* The deal concerns a licence for ”Finrabat’ software and discount program

* For granting the licence, Elzab is entitled to one-off payment of 1.1 million euros ($1.15 million)

* It was a third agreement signed with JNJ in 2016 for the total value of 2.5 mln euros

* JNJ is a company from Comp SA group

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