Brief: Bilia Acquires Norwegian Used Car Dealer

Bilia AB

27/04/2022 08:22

April 27 (Reuters) - Bilia AB  BILIa.ST :
    * ACQUIRES A NORWEGIAN USED CAR DEALER WITH
BRAND-INDEPENDENT
SERVICE WORKSHOP
    * HAS TODAY REACHED AN AGREEMENT TO ACQUIRE KOKSTAD
AUTOSENTER AS
    * BUSINESS ACQUIRED REPORTED FOR 2021 A TURNOVER OF ABOUT
SEK 110
M WITH AN OPERATING MARGIN OF 3 PER CENT
    * OPERATION'S CAPITAL EMPLOYED PLUS AGREED SURPLUS VALUES
AMOUNT
TO NOK 16 M, WITH POSSIBILITY OF ADDITIONAL PURCHASE PRICE OF A
MAXIMUM OF NOK 12 M IN 2027
    * ACCESS IS EXPECTED TO TAKE PLACE NO LATER THAN 1 JUNE 2022

Source text for Eikon:  ID:nGNEbgDN66 
Further company coverage:  BILIa.ST 

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