Brief: 24Sevenoffice Group, KKR Enter Into Subsidiaries Sale Agreement

Done.ai AB

12/11/2024 07:11

Nov 12 (Reuters) - 24SevenOffice Group AB  247.ST :
    * 24SEVENOFFICE GROUP AB AND KKR ENTER INTO AGREEMENT ON
SALE OF
CERTAIN SUBSIDIARIES AND ASSETS
    * PURCHASE PRICE FOR THE TARGET BUSINESS EQUALS ITS
ENTERPRISE
VALUE OF APPROXIMATELY SEK 2.4 BILLION
    * CLOSING IS EXPECTED TO TAKE PLACE BY THE END OF 2024
    * TRANSACTION WILL BE FULLY SETTLED IN CASH
    * WILL CONVENE EGM IN Q4 2024 TO OBTAIN SHAREHOLDER APPROVAL
AS 
CONDITION TO COMPLETION OF TRANSACTION
    * INTENDS TO RETURN VALUE TO SHAREHOLDERS WITH INTENTION TO
PROPOSE  DIVIDEND OF ABOUT SEK 23 PER SHARE
    * PURCHASE PRICE WILL BE PAID BY PURCHASER TO 24SEVENOFFICE
IN
CASH UPON COMPLETION OF TRANSACTION

Source text:  ID:nWkr9T8jSv 
Further company coverage:  247.ST 

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