Brief: Bilia Acquires Mercedes Dealer Bildahl

Bilia AB

25/05/2021 07:33

May 25 (Reuters) - Bilia AB  BILIa.ST :
    * BILIA ACQUIRES ANOTHER MERCEDES DEALER, BILDAHL AB, WITH
FIVE
FACILITIES IN NORTHERN SWEDEN
    * BILIA ACQUIRES ANOTHER MERCEDES DEALER, BILDAHL AB, WITH
FIVE
FACILITIES IN NORTHERN SWEDEN
    * BILIA IS EXPECTING TO TAKE OVER OPERATIONS ON1 JULY 2021.
    * BUSINESS THAT IS ACQUIRED REPORTED FOR 2020 A TURNOVER OF
ABOUT
SEK 570 M AND AN OPERATING PROFIT OF ABOUT SEK 18 M.
    * HAS TODAY CONCLUDED AN AGREEMENT TO ACQUIRE BILDAHL AB, AN
AUTHORISED DEALER WHO CONDUCTS SALES AND SERVICE OPERATIONS FOR
MERCEDES AND FOR NISSAN AND CITROËN
    * AGREED PRICE FOR BUSINESS AMOUNTS TO SEK 125 M ON A DEBT
AND
CASH-FREE BASIS, WHICH WILL INCREASE BILIA GROUP'S CAPITAL
EMPLOYED AND NET DEBT.

Source text for Eikon:  ID:nGNE54TQY7 
Further company coverage:  BILIa.ST 

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