Brief: Midway Holding Acquires British Vertemax

HAKI Safety AB

02/03/2021 15:54

March 2 (Reuters) - Midway Holding AB  MIDWb.ST :
    * ACQUIRES BRITISH VERTEMAX
    * PURCHASE PRICE IS UP TO GBP 22 MILLION ON DEBT-FREE BASIS
    * OF PURCHASE PRICE GBP 16 MILLION IS FIXED PURCHASE PRICE,
GBP 6
MILLION IS ADDITIONAL PURCHASE PRICE CONDITIONAL UPON VERTEMAX
PERFORMANCE IN 2021 AND 2022
    * MAKES ACQUISITION VIA UNIT HAKI
    * BASED ON VERTEMAX RESULTS FOR 2019 AND 2020, CO EXPECTS
GAIN PER
SHARE TO INCREASE BY ABOUT SEK 1 PER SHARE

Source text for Eikon:  ID:nMFN96lwrB 
Further company coverage:  MIDWb.ST 

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