Brief: BHG Group Says Acquires HYMA

BHG AB

09/06/2021 20:04

June 9 (Reuters) - BHG Group AB  BHGF.ST :
    * BHG GROUP ACQUIRES HYMA
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 92.2% OF SHARES IN
HYMA
SKOG & TRÄDGÅRD AB
    * CONSIDERATION FOR 100% OF SHARES COMPRISES AN INITIAL
CONSIDERATION AMOUNTING TO APPROXIMATELY SEK 1,100 MILLION
    * INITIAL CONSIDERATION WILL BE PAID ON CLOSING, WHICH IS
EXPECTED
TO TAKE PLACE IN Q3 OF 2021
    * THERE IS AN EARN-OUT BASED ON EBITA FOR 2022 OF UP TO SEK
500
MILLION
    * BHG WILL PAY SEK 542 MILLION IN CASH CONSIDERATION AND SEK
458
MILLION THROUGH ISSUE IN KIND
    * BHG'S BOARD OF DIRECTORS INTENDS TO APPROVE AN ISSUE OF
2,887,293 SHARES TO SELLERS OF HYMA
    * FOLLOWING SHARE CONSIDERATION, HYMA'S OWNERS INCLUDING ITS
CURRENT MAIN OWNER VERDANE AND HYMA'S MANAGEMENT TEAM, WILL
BECOME SHAREHOLDERS IN BHG
    * CEO ANDERS CARLSSON, REST OF MANAGEMENT TEAM AT HYMA WILL
CONTINUE TO LEAD CO'S OPERATIONS, WILL BE CONSOLIDATED WITH
BHG'S DIY SEGMENT

Source text for Eikon:  ID:nWkr4mXJJ1 
Further company coverage:  BHGF.ST 

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