Brief: Home24 Says Co Acquires Butlers Group

home24 SE

22/12/2021 20:16

Dec 22 (Reuters) - Home24 SE  H24.DE :
    * DGAP-ADHOC: HOME24 SE: HOME24 SE ACQUIRES BUTLERS GROUP
    * HOME24 - BUTLERS GROUP IS PLANNING TOTAL SALES OF ABOUT
EUR 95
MILLION AND A CLEARLY POSITIVE EBITDA IN ACCORDANCE WITH HGB
ACCOUNTING STANDARDS
    * WILL DIRECTLY AND INDIRECTLY PURCHASE 74.8% OF SHARES IN
BUTLERS
HOLDING
    * HOME24 - HOME24 SE SHARES WILL BE CREATED FROM AN
AUTHORIZED
CAPITAL AND ISSUED TO WILHELM JOSTEN EXCLUDING SHAREHOLDERS'
SUBSCRIPTION RIGHTS
    * 25.2% OF SHARES IN BUTLERS HOLDING WILL BE CONTRIBUTED BY
BUTLERS FOUNDER WILHELM JOSTEN IN EXCHANGE FOR NEW SHARES IN
HOME24 SE
    * 65% OF PURCHASE PRICE FOR PURCHASE SHARES IS FIXED AND
AMOUNTS
TO ABOUT EUR 48.6 MILLION
    * HOME24 - REMAINING 35% OF PURCHASE PRICE FOR PURCHASE
SHARES
WILL BE DETERMINED DEPENDING ON ACHIEVEMENT OF  TARGET EBITDA
VALUE WITHIN A 12-MONTH REFERENCE PERIOD


Further company coverage:  H24.DE 

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