Brief: Green Landscaping Group Expands In Western Sweden

Green Landscaping AB (publ)

02/12/2021 11:02

Dec 2 (Reuters) - Green Landscaping Group AB  GREENL.ST :
    * GREEN LANDSCAPING GROUP EXPANDS IN WESTERN SWEDEN THROUGH
THE
ACQUISITION OF MARKBYGG ANLÄGGNING VÄST AB
    * SIGNED AN AGREEMENT TO ACQUIRE MARKBYGG ANLÄGGNING VÄST AB
("MARKBYGG") WITH SALES OF APPROXIMATELY SEK 280 MILLION WITH
GOOD PROFITABILITY
    * TRANSACTION IS SUBJECT TO SWEDISH COMPETITION AUTHORITY'S
APPROVAL AND IS EXPECTED TO BE COMPLETED DURING Q1 OF 2022
    * ACQUISITION IS FINANCED WITH EXISTING CREDIT FACILITIES
AND
THROUGH A NON-CASH ISSUE OF NEWLY ISSUED SHARES
    * NUMBER OF SHARES ISSUED IS EXPECTED TO AMOUNT TO
APPROXIMATELY
400,000 AND ENTAILS A DILUTION OF APPROXIMATELY 0.8%

Source text for Eikon:  ID:nWkr7MVyGs 
Further company coverage:  GREENL.ST 

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