Brief: Instalco Buys Minority Stake In German Installation Group

Instalco AB

13/11/2024 14:39

Nov 13 (Reuters) - Instalco AB  INSTAL.ST :
    * ACQUIRES MINORITY STAKE IN GERMAN INSTALLATION GROUP FABRI
AG
    * TO ACQUIRE 24% MINORITY STAKE IN FABRI 
    * TO ACQUIRE ADDITIONAL 27% AND 17% STAKES IN FABRI IN
ANOTHER
STEPS
    * MINORITY INVESTMENT VALUED AT EUR 15 MILLION
    * OF EUR 15 MILLION PAYMENT, EUR 13 MILLION TO BE PAID IN
NEWLY
ISSUED INSTALCO SHARES, EUR 2 MILLION IN CASH
    * FOURTH AND FINAL STEP CONSISTS OF OPTIONS TO ACQUIRE
REMAINING
SHARES FROM FABRI'S CURRENT OWNERS DURING PERIOD 2030 THROUGH
2033

Source text:  ID:nMFN1LCm87 
Further company coverage:  INSTAL.ST 

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