Brief: Axfood And Mathem Are Entering Into A Strategic Partnership

Axfood AB

14/12/2021 07:05

Dec 14 (Reuters) - Axfood AB  AXFO.ST :
    * AXFOOD BECOMES NEW PARTNER IN MATHEM AS MAT.SE AND MATHEM
MERGE
    * AXFOOD AND MATHEM ARE ENTERING INTO A STRATEGIC
PARTNERSHIP,
WITH AXFOOD DIVESTING MAT.SE IN EXCHANGE FOR SHARES IN MATHEM, A
STRONG PURE-PLAY ONLINE RETAILER WITH HOME DELIVERY
    * MATHEM IS ENTERING INTO A LONG-TERM DELIVERY PARTNERSHIP
WITH
AXFOOD'S PURCHASING AND LOGISTICS COMPANY DAGAB
    * PURCHASE CONSIDERATION FOR MAT.SE AMOUNTS TO SEK 688 M ON
A CASH
AND DEBT-FREE BASIS, AND PAYMENT WILL TAKE PLACE THROUGH NEWLY
ISSUED SHARES IN MATHEM CORRESPONDING TO A SHAREHOLDING OF 16.5%
    * HAS ENTERED INTO AN AGREEMENT TO DIVEST OPERATIONS OF ITS
OWN
PURE-PLAY ONLINE RETAILER, MAT.SE, TO MATHEM I SVERIGE AB
("MATHEM") IN EXCHANGE FOR NEWLY ISSUED SHARES IN MATHEM
    * HAS COMMITTED TO PARTICIPATE WITH UP TO APPROXIMATELY SEK
80 M
IN EVENT OF A FINANCING ROUND IN 2022

Source text for Eikon:  ID:nWkr2vNggn 
Further company coverage:  AXFO.ST 

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