Brief: K-Fastigheter Says Acquiring Finja Prefab For Sek 530 Mln On Debt-Free Basis

K-Fast Holding AB

01/12/2020 17:13

Dec 1 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER SECURES EXPANSION STRATEGY WITH ACQUISITION
OF
FINJA PREFAB
    * ACQUIRING FINJA PREFAB FOR SEK 530 MLN ON A DEBT-FREE
BASIS
    * AS PART OF TRANSACTION, K-FASTIGHETER IS ALSO ACQUIRING
SHARES
IN LIMKOKAREN AB FOR A PURCHASE PRICE OF SEK 22 MLN
    * INTENDS TO REVIEW DIFFERENT ALTERNATIVES FOR LONG-TERM
FINANCING, INCLUDING A BOND ISSUE
    * K-FASTIGHETER DOES NOT FORESEE ANY SIGNIFICANT INTEGRATION
COSTS
    * ACQUISITION OF FINJA PREFAB IS EXPECTED TO MAKE A POSITIVE
CONTRIBUTION TO CO'S OPERATING PROFIT AND EARNINGS PER SHARE FOR
2021
    * REMAINING PURCHASE PRICE IS FINANCED WITH EXISTING CASH
BALANCES
    * TOTAL PURCHASE PRICE IS FINANCED THROUGH A PROMISSORY NOTE
OF
SEK 250 MLN WITH A TERM OF 36 MONTHS AND INTEREST OF 2%
    * WILL TAKE OWNERSHIP OF SHARES AND POSSESSION OF
OPERATIONAL
PROPERTIES AND BUILDING RIGHTS OF FINJA PREFAB ON 25 JANUARY
2021

Source text for Eikon:  ID:nWkr9BpblK 
Further company coverage:  KFASTb.ST 

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