Brief: Fasadgruppen Acquires Façade Business Stenklint In Copenhagen
12/05/2022 14:09
May 12 (Reuters) - Fasadgruppen Group AB (publ) FG.ST :
* EXPANDS ITS OPERATIONS IN THE COPENHAGEN REGION THROUGH THE ACQUISITION OF THE FAÇADE
BUSINESS
STENKLINT A/S
* IS USING EXISTING CASH TO FINANCE THE ACQUISITION
* SELLER HAS UNDERTAKEN TO RE-INVEST PART OF PURCHASE PRICE BY ACQUIRING EXISTING SHARES IN
FASADGRUPPEN WITHIN NEXT 30 TRADING DAYS FOR AN AMOUNT CORRESPONDING TO DKK 5 MILLION
* ACQUISITION IS EXPECTED TO BE COMPLETED DURING MAY
Source text for Eikon: ID:nMFN2VLL7L
Further company coverage: FG.ST
(Gdansk Newsroom)
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