Brief: Ferronordic Signs Agreement To Acquire Thomas Nutzfarzeuge And Related Real Estate

Ferronordic AB

03/03/2021 15:04

March 3 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC GROWS NETWORK IN GERMANY WITH THE ADDITION OF
WORKSHOP IN LIMBURG
    * IN 2019 AND 2020, THOMAS HAD AN AVERAGE ANNUAL REVENUE OF
EUR
4.8M (SEK* 49M) WITH AN AVERAGE OPERATING PROFIT OF APPROX. EUR
0.8M (SEK* 8M
    * PRELIMINARY PURCHASE PRICE FOR SHARES IN THOMAS IS EUR
2.9M
(SEK* 29M)
    * WILL ALSO ACQUIRE REAL ESTATE WHERE BUSINESS IS OPERATED
FOR A
PURCHASE PRICE OF EUR 3.5M (SEK* 35M).
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN APRIL 2021.
    * FERRONORDIC HAS SIGNED AN AGREEMENT TO ACQUIRE THOMAS
NUTZFARZEUGE GMBH AND RELATED REAL ESTATE

Source text for Eikon:  ID:nWkrbzhjMX 
Further company coverage:  FNMA.ST 

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