Brief: Bergs Timber Acquires Fågelfors Hyvleri

Bergs Timber AB (publ)

27/06/2019 13:53

June 27 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER ACQUIRES A COMPANY WITH WOOD PELLET
PRODUCTION
LOCATED IN FÅGELFORS, SWEDEN
    * BERGS TIMBER ACQUIRES A COMPANY WITH WOOD PELLET
PRODUCTION
LOCATED IN FÅGELFORS, SWEDEN
    * OF TOTAL PURCHASE PRICE, SEK 48 MILLION, SEK 18 MILLION IS
PAID
IN NEWLY ISSUED SHARES IN BERGS TIMBER.
    * ACQUISITION IS EXPECTED TO CONTRIBUTE TO GROUP'S NET SALES
BY
SEK 150-160 MILLION PER YEAR
    * IN ADDITION TO A FAVORABLE CASH FLOW, ACQUISITION IS
EXPECTED TO
PROVIDE A CERTAIN CONTRIBUTION TO EARNINGS PER SHARE ALREADY
THIS YEAR

Source text for Eikon:  ID:nWkr86Z4gt 
Further company coverage:  BRGb.ST 

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