Brief: BHG Group Further Consolidates Its Value Home Segment

BHG AB

06/03/2024 07:31

March 6(Reuters) - BHG Group AB  BHGF.ST :
    * SAID ON TUESDAY IT CARRIES OUT FURTHER CONSOLIDATION IN
ITS
VALUE HOME SEGMENT
    * TWO OF BHG'S CURRENT BUSINESSES, HEMFINT KRISTIANSTAD AB
AND ARC
E-COMMERCE AB ARE BEING CONSOLIDATED
    * ACQUIRES 67.5% OF TRENDRUM AB FOR PURCHASE PRICE OF 32.5%
OF THE
GROUP'S HOLDING IN ARC E-COMMERCE AB AND 16.3% OF THE HOLDING IN
HEMFINT
    * TOGETHER THEY FORM HEMFINT GROUP
    * HEMFINT GROUP WILL BE 67.5% OWNED BY BHG AND 32.5% OWNED
BY A
COMPANY JOINTLY OWNED BY, AMONG OTHERS, FOUNDERS OF TRENDRUM AND
HEMFINT
    * THREE BRANDS WILL REMAIN AS INDIVIDUAL DESTINATIONS, BUT
SUPPORT
FUNCTIONS WILL BE CONSOLIDATED

        
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