Brief: Beijer Ref Acquires HVAC Distributor In Bulgaria

Beijer Ref AB (publ)

25/04/2023 10:13

April 25 (Reuters) - Beijer Ref AB (publ)  BEIJb.ST :
    * BEIJER REF ACQUIRES LEADING HVAC DISTRIBUTOR IN BULGARIA
    * SIGNED AN AGREEMENT TO ACQUIRE 70 PERCENT OF SHARES IN
CONDEX,
WITH AN OPTION TO ACQUIRE REMAINING SHARES
    * CONDEX IS A LEADING BULGARIAN HVAC DISTRIBUTOR
HEADQUARTERED IN
SOFIA AND HAS AN ANNUAL TURNOVER OF APPROXIMATELY SEK 350
MILLION WITH GOOD PROFITABILITY
    * TAKEOVER IS ESTIMATED TO TAKE PLACE DURING SUMMER OF 2023
    * ACQUISITION IS EXPECTED TO HAVE A MINOR POSITIVE IMPACT ON
GROUP'S RESULTS AND POSITION

Source text for Eikon:  ID:nWkr3p5Vml 
Further company coverage:  BEIJb.ST 

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