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Brief: AF Gruppen Acquires Majority Stake In Swedish Construction Contractor

Feb 13 (Reuters) - Af Gruppen ASA AFGA.OL:

ACQUIRES A MAJORITY STAKE IN SWEDISH CONSTRUCTION CONTRACTOR

ENTERPRISE VALUE UP TO SEK 140 MILLION

AF BYGG SYD AB HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 70 PER CENT OF SHARES IN H.A. BYGG ENTREPRENAD AB

REMAINING 30 PER CENT WILL CONTINUE TO BE OWNED BY COMPANY'S EMPLOYEES.

AGREED ENTERPRISE VALUE FOR 100 PER CENT OF SHARES IS UP TO SEK 140 MILLION ON A DEBT-FREE BASIS

Source text: ID:nObiGqlTHa

Further company coverage: AFGA.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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