Brief: Idun Industrier Acquires 70% In P&L Nordic AB

Idun Industrier AB (publ)

30/06/2021 12:20

June 30 (Reuters) - Idun Industrier AB (publ)  IDUNb.ST :
    * ACQUIRED 70% OF SHARES IN P&L NORDIC AB
    * ACQUISITION VIA UNIT IDUN PROTO AB AT OPERATING VALUE OF
SEK 135
MILLION FOR 70% OF SHARES
    * AFTER 36 MONTHS, MAXIMUM OF SEK 28 MILLION IN ADDITIONAL
PURCHASE PRICE IS PAID BASED ON ACHIEVED PERFORMANCE TARGETS
    * REMAINING 30% OF SHARES CAN BE SOLD TO IDUN IN AT LEAST
THREE
YEARS FROM COMPLETION OF DEAL
    * ACQUISITION TAKES PLACE WITH IMMEDIATE EFFECT AND IS
EXPECTED TO
HAVE SOMEWHAT POSITIVE EFFECT ON IDUN'S FY 2021 RESULT

Source text for Eikon:  ID:nMFN3cCrCH 
Further company coverage:  IDUNb.ST 

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