Brief: Festi Says Signs Agreement On Main Terms For Festi's Acquisition Of The Entire Share Capital Of Lyfja

Festi hf

17/03/2023 16:38

March 17 (Reuters) - Festi hf  FESTI.IC :
    * REG-FESTI HF.:  AGREEMENT ON THE MAIN TERMS FOR FESTI'S
ACQUISITION OF THE ENTIRE SHARE CAPITAL OF LYFJA HF.
    * SAYS AGREEMENT ASSUMES THAT LYFJA HAS A TOTAL VALUE OF ISK
7.8
BILLION
    * FESTI - LYFJA ESTIMATE 2023 EARNINGS BEFORE INTEREST,
TAXES,
DEPRECIATION AND AMORTIZATION, EXCLUDING IFRS16 EFFECTS, WILL
AMOUNT TO ISK 1,044 MILLION
    * AGREEMENT ASSUMES PURCHASE PRICE WILL BE PAID BY DELIVERY
OF 10
MILLION SHARES IN FESTI AND ISK 6.0 BILLION IN CASH

Source text for Eikon:  ID:nGNE1bS14W 
Further company coverage:  FESTI.IC 

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