Brief: Björn Borg acquires benelux distributor Baseline

Bjorn Borg AB

08/12/2016 07:30

Dec 8 (Reuters) - Bjorn Borg  BORG.ST  
    * Says acquires benelux distributor Baseline 
    * Says pays EUR 1.25 million for all shares and 
shareholders' loans in the Baseline Group over a three-year 
period 
    * Says as part of the transaction, Björn Borg will also take 
over working capital financing from local banks of up to EUR 2.8 
million, and the Group's interest bearing debt will increase 
with the corresponding amount 
    * Says consolidating Baseline Group into the Björn Borg 
Group is estimated to increase annual net sales by approximately 
SEK 100 million without impact on the EBIT 
excluding short-term negative effects for 2017 
    * Says according to the share purchase agreement completion 
of the acquisition will take place on 2 January 2017 
    * Baseline Group has a total of 90 employees and a 
turnover in 2015 for the Björn Borg brand of approximately EUR 
23.3 million with an EBIT of about EUR -0.7 million 
 
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