Brief: Hexpol AB Says Signed An Agreement To Acquire 70% Of Shares In Almaak

Hexpol AB

08/03/2022 16:33

March 8 (Reuters) - Hexpol AB  HPOLb.ST :
    * SIGNED AN AGREEMENT TO ACQUIRE 70% OF SHARES IN ALMAAK
FROM
EXISTING OWNERS MR. OLAF EICHSTÄDT AND MR. THOMAS SCHMEINTA
    * OLAF EICHSTÄDT AND SCHMEINTA WILL STAY WITH COMPANY AND
FURTHER
DRIVE GROWTH AND TECHNICAL EXCELLENCE
    * ACQUISITION PRICE AMOUNTS TO ABOUT 70 MEUR ON A CASH AND
DEBT
FREE BASIS AND IS FUNDED BY A COMBINATION OF CASH AND EXISTING
BANK FACILITIES
    * HEXPOL - PURSUANT TO AGREEMENT, HEXPOL HAS AN OPTION TO
ACQUIRE
REMAINING SHARES


 ((Reuters.Briefs@thomsonreuters.com;))