Brief: Byggmax Acquires Norwegian Tiles Discounter Right Price Tiles

Byggmax AB

02/07/2021 07:06

July 2 (Reuters) - Byggmax Group AB  BMAX.ST :
    * BYGGMAX ACQUIRES NORWEGIAN TILES DISCOUNTER RIGHT PRICE
TILES
    * BYGGMAX ACQUIRES NORWEGIAN TILES DISCOUNTER RIGHT PRICE
TILES
    * TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND
NORWEGIAN COMPETITION AUTHORITY APPROVAL.
    * ACQUIRED BUSINESS WILL BE REPORTED AS PART OF BYGGMAX
SEGMENT
    * BYGGMAX ACQUISITION PRICE CORRESPONDS TO AN INITIAL
CONSIDERATION OF NOK 175M AND ADDITIONAL CONSIDERATION BASED ON
FUTURE PERFORMANCE OF MAXIMUM NOK 110M, IN ALL A TOTAL MAXIMUM
ENTERPRISE VALUE OF NOK 285M

Source text for Eikon:  ID:nWkr8WR6Yy 
Further company coverage:  BMAX.ST 

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