Brief: Balco Group Acquires Riikku Group

Balco AB

22/01/2024 11:18

Jan 22 (Reuters) - Balco Group AB  BALCO.ST :
    * BALCO GROUP ACQUIRES RIIKKU GROUP OY AND CARRIES OUT A
SMALL
TARGETED SHARE ISSUE
    * AGREED PURCHASE PRICE AMOUNTS TO 15 MEUR ON A CASH AND
DEBT-FREE
BASIS
    * AGREED PURCHASE PRICE AMOUNTS TO 15 MEUR ON A CASH AND
DEBT-FREE
BASIS.
    * DIRECTED NEW ISSUE OF A TOTAL OF 728,820 SHARES IN COMPANY
TO
SELLERS OF RIIKKU GROUP OY
    * SUBSCRIPTION PRICE FOR SHARES ISSUED TO SELLERS, WHICH
ACCORDING
TO SHARE TRANSFER AGREEMENT WOULD CORRESPOND TO VOLUME-WEIGHTED
AVERAGE PRICE FOR BALCO GROUP'S SHARE ON JANUARY 19, 2023,
AMOUNTED TO 46.84 SEK PER SHARE

Source text for Eikon:  ID:nWkr3KCJqg 
Further company coverage:  BALCO.ST 

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