Zinzino said that it has entered into an agreement with Mexico-based direct sales company Sanki to acquire key business assets, including its distributor database, customer register, inventory, and intellectual property rights.
As part of the deal, Zinzino will also acquire 100% of the shares in Sanki's subsidiaries in Colombia and Peru, aiming to fast-track market establishment and strengthen distribution capabilities in these regions.
The transaction is set to close on January 1, 2026. Zinzino will pay a fixed purchase price of US$8 million—US$7 million in newly issued shares and US$1 million in cash from its reserves. Additionally, contingent payments based on future sales performance may reach up to US$12 million, also to be settled entirely in newly issued shares.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.