Brief: FM Mattsson Mora Buys Hot Bath B.V.

FM Mattsson AB (publ)

13/05/2019 10:09

May 13 (Reuters) - FM Mattsson Mora Group AB  FMMb.ST :
    * ACQUISITION OF HOT BATH B.V. BY FM MATTSSON MORA GROUP
    * FM MATTSSON MORA GROUP WILL ACQUIRE 100% OF SHARE CAPITAL OF HOT BATH FOR CONSIDERATION OF
EUR
17.7M
    * FUTURE PLANS FOR HOT BATH INCLUDE  POTENTIAL UTILISATION OF HOT BATH SUPPLY CHAIN WITHIN
WIDER
GROUP
    * 2019 EARN-OUT IS CAPPED AT EUR 1M.
    * ACQUISITION IS SUBJECT TO CERTAIN CONDITIONS AND IS EXPECTED TO BE COMPLETED BY 14 MAY.
    * BASED ON HOT BATH'S 2018 RESULTS GROUP'S EPS WOULD HAVE BEEN C. 35% HIGHER IF HOT BATH
WERE
INCLUDED

Source text for Eikon:  ID:nWkrc661VN 
Further company coverage:  FMMb.ST 

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