Brief: Bilia Acquires City Däck Öresund
10/06/2021 11:32
June 10 (Reuters) - Bilia AB BILIa.ST :
* BILIA EXPANDS THE IMPORTANT TYRE BUSINESS THROUGH
ACQUISITION OF
CITY DÄCK ÖRESUND AB IN SOUTHERN SWEDEN
* BILIA - HAS TODAY CONCLUDED AN AGREEMENT TO ACQUIRE CITY
DÄCK
ÖRESUND AB, A COMPANY THAT CONDUCTS SALES OF TYRES AND RIMS AND
TYRE RELATED SERVICES AS FOR EXAMPLE TYRE FITTING, TYRE HOTELS,
TYRE CHANGES, RIM REPAIR AND WHEEL ALIGNMENT
* DATE OF POSSESSION IS TODAY ON 10 JUNE 2021.
* ACQUIRED BUSINESS REPORTED FOR PAST TWO YEARS AN AVERAGE
TURNOVER OF ABOUT SEK 55 M, WITH AN AVERAGE OPERATING MARGIN OF
ABOUT 12 PER CENT
Source text for Eikon: ID:nGNE79rDwp
Further company coverage: BILIa.ST
(Gdansk Newsroom)
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