Brief: Inwido's Unit Pihla Group Buys Artic-Kaihdin

Inwido AB (publ)

02/09/2024 11:56

Sept 2 (Reuters) - Inwido AB (publ)  INWI.ST :
    * INWIDO'S LARGEST BUSINESS UNIT IN FINLAND, PIHLA GROUP,
ACQUIRES
ARTIC-KAIHDIN, ONE OF FINLAND'S LEADING MANUFACTURERS OF SUN
SHADING SOLUTIONS
    * INWIDO ACQUIRES 60% OF THE SHARES IN A FIRST STEP AND THE
PURCHASE PRICE IS IN LINE WITH INWIDO'S USUAL MULTIPLES
    * PHASE 2 OF THE ACQUISITION WILL BE THROUGH PUT AND CALL
OPTIONS
FOLLOWING THE CLOSING OF THE FINANCIAL STATEMENTS FOR THE
FINANCIAL YEAR 2026
    * PRICE PAID FOR THE REMAINING 40% OF THE SHARES WILL DEPEND
ON
ARTIC-KAIHDIN'S FUTURE PERFORMANCE

Source text for Eikon:  ID:nWkr7LQqST 
Further company coverage:  INWI.ST 

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