Brief: Elanders acquires German supply chain management company

Elanders AB

17/06/2016 10:36

June 17 (Reuters) - Elanders  ELANb.ST : 
    * To acquire all shares in German supply chain management company LGI Logistics Group 
International GmbH 
    * Purchase price is calculated at 257 million Swedish crowns ($30.82 million) on debt free 
basis 
    * Says the company's annual group net sales will increase from around 4.2 billion crowns to 
8.3 billion crowns 
    * Acquisition is expected to contribute positively to earnings per share already in current 
year 
    * Acquisition will be financed through combination of external loans and new rights issue 
    * As part of financing plan, intends to propose new issue of around 600 million Swedish 
crowns with preferential rights for existing shareholders 
 
Source text for Eikon:  ID:nHUG3HdGdf  
Further company coverage:  ELANb.ST  
 
($1 = 8.3400 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))