Brief: Inin Group To Acquire TW Gruppen

Inin AS

30/03/2023 09:27

March 30 (Reuters) - Inin Group AS  ININ.OL :
    * ININ GROUP AS TO ACQUIRE LEADING MASS HANDLING, RECYCLING
AND
TRANSPORTATION COMPANY TW GRUPPEN AS
    * ININ GROUP AS HAS TODAY SIGNED A TERM SHEET TO ACQUIRE A
70
PERCENT OWNERSHIP IN TW GRUPPEN AS
    * TW GRUPPEN EXPECTS A REVENUE OF NOK 205 MILLION AND AN
EBIT OF
NOK 36 MILLION IN 2023
    * EXPECTS THIS TO INCREASE TO NOK 270 MILLION IN REVENUE AND
EBIT
OF NOK 65 MILLION IN 2024
    * TW GRUPPEN HAS INVESTED ABOUT NOK 120 MILLION IN MASS
RECYCLING
SITE AT DISENÅ OUTSIDE OSLO
    * FACILITY WILL BECOME FULLY OPERATIONAL DURING Q2 OF 2023

Source text for Eikon:  ID:nObifZhfMa 
Further company coverage:  ININ.OL 

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