Brief: Everysport Media Group Acquires Trav Og Galopp-Nytt

Everysport AB (publ)

29/12/2020 20:25

Dec 29 (Reuters) - Everysport Media Group AB  EVERYa.TE :
    * EVERYSPORT MEDIA GROUP ACQUIRES TRAV OG GALOPP-NYTT -
FURTHER
EXPANSION IN NORWAY
    * EVERYSPORT MEDIA GROUP  - CLOSING DATE IS EXPECTED TO TAKE
PLACE
ON MARCH 1ST 2021 AND IS CONDITIONAL ON A NUMBER OF CONDITIONS
BEING MET
    * ACQUISITION OF TGN WILL BE LARGEST ESMG HAS MADE IN LAST
FOUR
YEARS AND WILL BE FINANCED WITH ESMG'S EXISTING CASH
    * TGN WILL BE MERGED WITH ESMG'S EXISTING BUSINESS IN NORWAY
    * ESMG ACQUIRES TGN FOR A PURCHASE PRICE OF NOK 4 MILLION
    * CEO KRISTIAN SKULLERUD WILL BE NEW HEAD OF ESMG'S
OPERATIONS IN
NORWAY
    * ACQUISITION INCLUDES TRAV OG GALOPPNYTT (TGN.NO),
HESTEPORTALEN.NO, HEST.NO AND HUNDEN.NO

Source text for Eikon:  ID:nWkrMdTjv 
Further company coverage:  EVERYa.TE 

 ((Reuters.Briefs@thomsonreuters.com;))