Brief: Boozt Acquires Remaining Shares In Rosemunde

BOOZT AB

24/01/2022 07:03

Jan 24 (Reuters) - Boozt AB  BOOZT.ST :
    * BOOZT ACQUIRES REMAINING SHARES IN ROSEMUNDE
    * BOOZT AND ROSEMUNDE HAVE TODAY ENTERED INTO AN AGREEMENT
WHERE
BOOZT ACQUIRES REMAINING 33.3% OF SHARES OF EVERYDAY LUXURY
FEELING A/S TO TAKE FULL OWNERSHIP OF COMPANY
    * ALL CASH PAYMENT FINANCED VIA CURRENT BALANCE SHEET
    * ROSEMUNDE WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENT
OF
BOOZT AS PER 1 JULY 2021
    * AS PREVIOUSLY COMMUNICATED TRANSACTION WILL NOT IMPACT
CURRENT
OUTLOOK FOR 2021.
    * EXPECTS TO ACCELERATE POSITIVE DEVELOPMENT OF ROSEMUNDE
AND TO
FURTHER DEVELOP BRAND HUB ORGANISATION TO DRIVE A SUCCESFUL
EXPANSION OF ACQUIRED BRANDS LIKE SVEA

Source text for Eikon:  ID:nMFNbHXcT6 
Further company coverage:  BOOZT.ST 

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