Brief: Fasadgruppen Acquires Danish Balcony Specialist Altana
05/07/2022 12:25
July 5 (Reuters) - Fasadgruppen Group AB (publ) FG.ST :
* ACQUIRES THE DANISH BALCONY SPECIALIST ALTANA
* ACQUIRES DANISH BALCONY SPECIALIST ALTANA A/S WITH A STRONG POSITION IN COPENHAGEN AREA
* ALTANA HAS 43 FULL-TIME EMPLOYEES, AND FOR FINANCIAL YEAR 2021, ITS REVENUES AMOUNTED TO
APPROXIMATELY DKK 95 MILLION
* PURCHASE PRICE CONSISTS OF CASH AND A SO-CALLED PROMISSORY NOTE OF DKK 20 MILLION
(CORRESPONDING
TO APPROX. SEK 28 MILLION) WHICH SELLERS OF ALTANA HAVE AGREED TO SET OFF AGAINST NEW SHARES IN
FASADGRUPPEN FOLLOWING COMPLETION OF ACQUISITION
* WILL FINANCE CASH PART OF PURCHASE PRICE WITH EXISTING CASH
* ACQUISITION OF ALTANA IS EXPECTED TO BE COMPLETED ON 6 JULY 2022
Source text for Eikon: ID:nMFN2fYPDh
Further company coverage: FG.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))