Brief: Cibus Contemplates To Buy Forum Estates

Cibus Nordic Real Estate AB (publ)

18/12/2024 08:26

Dec 18 (Reuters) - Cibus Nordic Real Estate AB (publ)
 CIBUS.ST :
    * CONTEMPLATES TO BUY FORUM ESTATES HOLDING BV
    * CONTEMPLATES TO ACQUIRE FORUM ESTATES HOLDING, BENELUX
BASED
GROCERY AND DAILY GOODS PROPERTIES GROUP
    * UNDERLYING PROPERTY VALUE OF AROUND EUR 508 MILLION
    * INTENDS TO RAISE ANY REQUIRED TRANSACTION RELATED
LIQUIDITY
THROUGH ADDITIONAL DEBT
    * IF APPROVED BY CIBUS, TRANSACTION IS EXPECTED TO CLOSE
DURING Q1
OF 2025
    * SYNERGIES ARE EXPECTED TO BE IN RANGE OF EUR 0.5 - 1.0
MILLION
    * SHARE PRICE OF EUR 15.60 PER NEW CIBUS SHARE REPRESENTS
31%
PREMIUM VERSUS  EPRA NTA OF EUR 11.90 AS OF SEPT 30

Source text:  ID:nBQN4gx2T7 
Further company coverage:  CIBUS.ST 

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