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ARCUS - Arcus ASA News Story

NOK44.85 0.5  1.2%

Last Trade - 12/04/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £258.4m
Enterprise Value £399.4m
Revenue £257.7m
Position in Universe 643rd / 1830

BRIEF-Altia And Arcus To Join Forces To Form A Leading Wine And Spirits Brand House

Tue 29th September, 2020 6:37am
Sept 29 (Reuters) - Altia Oyj  ALTIA.HE :
    * ALTIA AND ARCUS TO JOIN FORCES TO FORM A LEADING WINE AND SPIRITS BRAND HOUSE
    * ALTIA OYJ - COMBINED COMPANY'S PRELIMINARY AGGREGATED ANNUAL REVENUE IS EUR 640 MILLION IN
2019
    * ALTIA OYJ - ANORA EMPLOYS APPROXIMATELY 1,100 PROFESSIONALS AROUND NORDICS AND BALTICS.
    * ALTIA OYJ - COMBINED COMPANY TO BE NAMED ANORA GROUP PLC.
    * ALTIA OYJ -  SAYS ANORA IS WELL POSITIONED FOR STRONGER INTERNATIONAL EXPANSION.
    * ALTIA OYJ - SHAREHOLDERS OF ARCUS WILL RECEIVE 0.4618 NEW SHARES IN ALTIA FOR EACH SHARE
IN
ARCUS OWNED BY THEM,
    * ALTIA OYJ - PROPOSES TO PAY AN EXTRA DIVIDEND IN TOTAL AMOUNT OF APPROXIMATELY EUR 14.5
MILLION
    * ALTIA OYJ - IT IS EXPECTED THAT COMPLETION OF MERGER WILL TAKE PLACE DURING FIRST HALF OF
2021
    * ALTIA OYJ -
    * ALTIA OYJ - DIVIDEND CORRESPONDING TO EUR 0.40 PER SHARE TO ALTIA'S SHAREHOLDERS BEFORE
COMPLETION OF MERGER
    * ALTIA OYJ - COMPANIES EXPECT THAT MOST OF SYNERGIES WILL BE ACHIEVED WITHIN APPROXIMATELY
TWO
YEARS FROM COMPLETION OF MERGER
    * ALTIA OYJ - COMBINATION IS ALSO EXPECTED TO CREATE LONG-TERM POSITIVE EFFECTS THAT WILL
CONTINUE
TO MATERIALISE EVEN AFTER THIS PERIOD.
    * ALTIA OYJ - EXTRA DIVIDEND WILL BE IN ADDITION TO DIVIDEND IN TOTAL AMOUNT OF
APPROXIMATELY EUR
7.6 MILLION
    * ALTIA OYJ - COMBINED COMPANY TO BE NAMED ANORA GROUP PLC
    * ALTIA OYJ - POTENTIAL ANNUAL EBITDA NET SYNERGIES OF EUR 8-10 MILLION IDENTIFIED.
    * ALTIA OYJ - EGMS ARE CURRENTLY EXPECTED TO BE HELD IN NOVEMBER 2020
    * ALTIA OYJ - ANORA TEMPORARY SECONDARY LISTING OF SHARES WILL BE SOUGHT ON OSLO BØRS
    * ALTIA OYJ - AS A CONSEQUENCE OF COMPLETION OF MERGER, ARCUS WILL DISSOLVE
    * ALTIA OYJ - COMBINATION OF ALTIA AND ARCUS WILL BE EXECUTED THROUGH A TAX NEUTRAL
STATUTORY
CROSS-BORDER ABSORPTION MERGER OF ARCUS INTO ALTIA

Source text for Eikon:  ID:nWkr4CF3cB 
Further company coverage:  ALTIA.HE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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