Brief: Europris Acquires Strikkemekka

Europris ASA

16/06/2022 07:02

June 16 (Reuters) - Europris ASA  EPR.OL :
    * EUROPRIS ACQUIRES STRIKKEMEKKA
    * IS ACQUIRING 67 PER CENT OF STRIKKEMEKKA HOLDING AS FOR
NOK 88.4
MILLION
    * PURCHASE PRICE IS FINAL, AND ACQUISITION WILL BE SETTLED
IN
CASH.
    * THROUGH THIS ACQUISITION, EUROPRIS WILL STRENGTHEN ITS
POSITION
ONLINE AND CONTINUE TO DEVELOP ITS E-COMMERCE EXPERTISE, IN
ADDITION TO ACHIEVING SYNERGIES.
    * FUGLESTAD WILL REMAIN CEO OF STRIKKEMEKKA AND CONTINUE TO
OWN OF
33 PER CENT OF COMPANY.
    * EUROPRIS HAS A PRE-EMPTIVE RIGHT TO ACQUIRE REMAINING
SHARES.
    * SALES FROM STRIKKEMEKKA AND DESIGNHANDEL ONLINE STORES
WERE NOK
180 MILLION IN 2021, WITH EBITDA FOR BUSINESS TO BE CONTINUED OF
NOK 16.5 MILLION.

Source text for Eikon:  ID:nObi8w3GXa 
Further company coverage:  EPR.OL 

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