Brief: ABL Group Buys Brazilian Company Proper Marine

Aqualis ASA

05/12/2024 07:17

Dec 5 (Reuters) - Abl Group ASA  ABL.OL :
    * ABL GROUP ASA: ACQUISITION OF BRAZILIAN ENGINEERING AND
DESIGN
COMPANY
    * TO ACQUIRE 100% OF SHARES IN BRAZIL-BASED PROPER MARINE
    * IN 2023, PROPER MARINE DELIVERED NET REVENUE OF USD 3.9
MILLION
    * PROPER MARINE IS VALUED AT AN ENTERPRISE VALUE OF USD 4.0
MILLION
    * UPON COMPLETION, PROPER MARINE WILL BE MERGED WITH ABL'S
DESIGN
HOUSE, LONGITUDE
    * PURCHASE PRICE WILL BE SETTLED WITH COMBINATION OF CASH
AND UP
TO 2.3 MILLION SHARES IN ABL GROUP

Source text:  ID:nObiwFNvfa 
Further company coverage:  ABL.OL 

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