Brief: Bayn Group To Acquire Green Sales Distributions

Humble AB

19/11/2020 13:51

Nov 19 (Reuters) - Bayn Group AB  BAYNE.ST :
    * TO ACQUIRE GREEN SALES DISTRIBUTIONS
    * ENTERPRISE VALUE OF ABOUT SEK 37 MILLION
    * PURCHASE PRICE CONSISTS OF FIXED PART OF SEK 50 MILLION
AND
ADDITIONAL PURCHASE PRICE BASED ON CO'S PERFORMANCE
    * TRANSAKTION COMPRISES 100% OF SHARES IN GREEN SALES
DISTRIBUTIONS AB
    * HALF OF THE FIXED PRICE TO BE PAID IN FORM OF NEW ISSUED
SHARES
IN BAYN
    * ADDITIONAL PURCHASE PRICE CAN AMOUNT TO A MAX OF SEK 24.5
MILLION
    * GREEN SALES IS SEEN TO GENERATE NET REVENUE AND ADJUSTED.
EBITDA
FOR 2021 OF ABOUT SEK 281 MILLION AND ABOUT SEK 15 MILLION,
REPECTIVELY
    * CONSOLIDATED, GREEN SALES TO BRING SIGNIFICANT
CONTRIBUTION TO
BAYN GROUP SALES GROWTH AND IMPROVED PROFITABILITY AT
CONSOLIDATED EBITDA LEVEL

Source text for Eikon:  ID:nWkr1L9JqZ 
Further company coverage:  BAYNE.ST 

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