Brief: BHG Group AB Acquires Nordic Nest

BHG AB

13/12/2020 02:09

Dec 12 (Reuters) - BHG Group AB  BHGF.ST :
    * BHG GROUP ACQUIRES NORDIC NEST
    * ACQUISITION PRICE CORRESPONDS TO AN ENTERPRISE VALUE OF
SEK
1.8BN, AND AMOUNTS TO SEK 1.6BN
    * CEO BANK BERGSTRÖM, MANAGEMENT TEAM OF NORDIC NEST WILL
CONTINUE
RUNNING BUSINESS FROM KALMAR, SWEDEN AND WILL RETAIN OWNERSHIP
IN CO
    * NORDIC NEST WILL FORM A NEW VERTICAL WITHIN BHG AND BE
CONSOLIDATED INTO HOME FURNISHING SEGMENT AS OF 1 JANUARY 2021
    * PURCHASE PRICE WILL BE PAID IN CONJUNCTION WITH CLOSING,
WHICH
IS EXPECTED TO TAKE PLACE BEFORE END OF 2020

Source text for Eikon:  ID:nWkr5rKCp0 
Further company coverage:  BHGF.ST 

 ((Reuters.Briefs@thomsonreuters.com;))