Brief: Elop To Acquire 65% Of Hadeland Elektro

Inin AS

03/08/2022 08:04

Aug 3 (Reuters) - Elop AS  ELOP.OL :
    * ELOP TO ACQUIRE 65% OF HADELAND ELEKTRO AS
    * THROUGH THIS PLANNED INVESTMENT, ELOP REAFFIRMS ITS TARGET
TO
DELIVER CASH POSITIVE OPERATIONS IN 2023
    * TO ACQUIRE FOR A TOTAL CONSIDERATION OF NOK 24.7 MILLION,
OF
WHICH 60 PERCENT WILL BE SETTLED IN ELOP SHARES VALUED AT NOK
2.80 PER SHARE
    * CASH CONSIDERATION WILL BE ADJUSTED IF HADELAND ELEKTRO
SHOULD
DELIVER A PROFIT BEFORE TAX THAT IS LOWER THAN INDICATED NOK 6
MILLION FOR 2022
    * TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS,
DUE
DILIGENCE, AND FINAL TRANSACTION DOCUMENTATION
    * SIGNING OF SHARE PURCHASE AGREEMENT IS EXPECTED TO BE ON
OR
ABOUT 31. AUGUST 2022, WITH EXPECTED CLOSING MID SEPTEMBER 2022

Source text for Eikon:  ID:nObiQ740Ba 
Further company coverage:  ELOP.OL 

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