Brief: Clas Ohlson Acquires Spares

Clas Ohlson AB

02/10/2023 06:05

Oct 2 (Reuters) - Clas Ohlson AB  CLASb.ST :
    * CLAS OHLSON ACQUIRES SPARES - ACCELERATES PRESENCE IN
ACCESSORIES AND SPARE PARTS FOR ELECTRONIC PRODUCTS
    * AGREEMENT TO ACQUIRE APPROXIMATELY 91% OF SHARES IN SPARES
EUROPE AB
    * PURCHASE PRICE CORRESPONDS TO A VALUATION OF APPROXIMATELY
SEK
500 MILLION ON A CASH AND DEBT FREE BASIS
    * A POTENTIAL ADDITIONAL PURCHASE PRICE OF UP TO SEK 225
MILLION
    * CLOSING EXPECTED TO TAKE PLACE IN NOVEMBER 2023
    * SELLER IS VERDANE
    * SPARES WILL CONTINUE TO RUN OPERATIONS AS A SEPARATE
COMPANY

Source text for Eikon:  ID:nWkrPTF11 
Further company coverage:  CLASb.ST 

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