Brief: John Mattson To Acquire Further Shares In HEFAB And EFIB, Becoming The Majority Owner Of Both Companies

John Mattson Fastighetsforetagen publ AB

17/08/2021 19:07

Aug 17 (Reuters) - John Mattson Fastighetsforetagen publ AB
 JOMA.ST :
    * TO ACQUIRE FURTHER SHARES IN HEFAB AND EFIB BECOMING THE
MAJORITY OWNER OF BOTH COMPANIES
    * WILL CONTROL A TOTAL OF 95% OF HEFAB AND 99% OF EFIB
    * PURCHASE CONSIDERATION FOR RECENTLY ACQUIRES SHARES
AMOUNTS TO
SEK 1,489 MILLION
    * HAS NOW ACQUIRED A FURTHER 27% OF SHARES IN HEFAB AND 41%
OF
SHARES IN EFIB
    * CONSIDERATION FOR THESE SHARES WILL BE PAID WITH
COMBINATION OF
CASH AND THROUGH NON-CASH ISSUE OF 1,587,406 SHARES AT SEK
151.50/SHARE
    * TOTAL PURCHASE CONSIDERATION AMOUNTS TO SEK 3,392 MILLION,
OF
WHICH SEK 399 MILLION WILL BE FINANCED WITH NON-CASH ISSUE
    * BASED ON PROPERTY VALUE AT END OF Q1, AFTER ADDING
ACQUISITIONS
OF HEFAB AND EFIB, CO'S TOTAL PROPERTY VALUE IS ESTIMATED AT SEK
14.4 BILLION

Source text for Eikon:  ID:nWkrc4c1t3 
Further company coverage:  JOMA.ST 

 ((Reuters.Briefs@thomsonreuters.com;))