Brief: Boreo Agrees To Buy Floby Nya Bilverkstad In Sweden

Boreo Oyj

30/06/2021 11:39

June 30 (Reuters) - Boreo Oyj  BOREO.HE :
    * AGREES TO BUY FLOBY NYA BILVERKSTAD AB IN SWEDEN
    * FIXED PURCHASE PRICE TO BE PAID IS ABOUT SEK 33 MILLION
    * IN ADDITION, BOREO MAY PAY AN ADDITIONAL PURCHASE PRICE OF
UP TO
SEK 15 MILLION BASED ON DEVELOPMENT OF FNB'S BUSINESS IN
2022-2024
    * FIXED PRICE WILL BE PAID IN CASH AT TIME OF TRANSACTION
AND BY
EXECUTING DIRECTED SHARE ISSUE OF ABOUT SEK 6 MILLION TO SELLERS
    * TO FINANCE CASH PAYMENT  AND REPAYMENT OF FNB'S
INTEREST-BEARING
LIABILITIES WITH EUR 4 MILLION LOAN AND GROUP'S CASH
    * TRANSACTION HAS NO IMPACT ON BOREO'S STRATEGIC OBJECTIVES
AND IS
EXPECTED TO BE COMPLETED ON SEPTEMBER 1, 2021

Source text for Eikon:  ID:nGNEKCJp2 
Further company coverage:  BOREO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))