Brief: Job Solution Ligns LoI To Acquire Succedo

Calviks AB (publ)

15/07/2024 10:44

July 15 (Reuters) - Job Solution Sweden Holding AB
(publ)  JOBS.ST :
    * ENTERS INTO A LETTER OF INTENT TO ACQUIRE 100% OF THE
SHARES IN
SUCCEDO AS
    * COMPANY IS EXPECTED TO ADD A TURNOVER OF ABOUT 45 MNOK AND
EBIT
OF APPROXIMATELY 5 MNOK
    * PRELIMINARY AGREED PURCHASE PRICE FOR 55% OF THE SHARES IS
ESTIMATED TO AMOUNT TO TO MNOK 9 AND IS INTENDED TO BE PAID IN
CASH
    * OPTION TO BUY THE REMAINING 45% OVER THE NEXT THREE YEARS
    * AMBITION IS TO FINALIZE DEAL IN EARLY SEPTEMBER AND TAKE
POSSESSION ON OCTOBER 1, 2024
    * 100% OF ANNUAL PROFIT OF SUCCEDO SHALL ACCRUE TO JOB
SOLUTION,
EVEN THOUGH JOB SOLUTION OWNS 55% OF THE COMPANY

Source text for Eikon:  ID:nMFN5vG2g4 
Further company coverage:  JOBS.ST 

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