Brief: Columbus Makes Offer To Buy 100 Pct Shares In iStone

Columbus A/S

30/11/2017 09:57

Nov 30 (Reuters) - Columbus A/S  COLUM.CO : 
    * COLUMBUS MAKES OFFER TO BUY 100% OF THE SHARES IN ISTONE 
    * WITH ACQUISITION OF ISTONE COLUMBUS ENTERS SWEDISH 
MARKET 
    * OFFER IS CONDITIONAL ON CONFIRMATION OF A FEW PARTNERSHIP 
CONDITIONS BEFORE CLOSING WHICH IS PLANNED FOR 2 JANUARY 2018 
    * AGREED ACQUISITION PRICE FOR FIRST 51% OF SHARES IS SEK 
230M 
ENTERPRISE VALUE 
    * FINAL ACQUISITION PRICE IS DEPENDENT ON FINAL RESULT FOR 
2017 
    * NO DIVIDEND WILL BE PAID IN ISTONE UNTIL COLUMBUS OWNS 
MORE 
THAN 90% OF SHARES 
    * INITIAL ACQUISITION PRICE IS EXPECTED TO BE FINANCED WITH 
A 
BANK LOAN 
 
Source text for Eikon:  ID:nCSE7fGq  
Further company coverage:  COLUM.CO  
 
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