Brief: Empire enters into agreement regarding reverse acquisition of Kakel Max Holding

Kakel Max publ AB

25/01/2017 06:01

Jan 25 (Reuters) - Empire Ab  EMPb.ST : 
    * Entered into agreement regarding reverse acquisition of Kakel Max Holding 
    * Empire AB acquires Kakel Max Holding AB in its entirety via non-cash issue for a total of 
50 million Swedish crowns  ($5.65 million) 
    * After non-cash issue and new issue Kakel Max Holding's former shareholders to own 92 
percent in Empire 
    * As a result of transaction Empire AB (publ) changes name to Kakel Max AB (publ) 
    * After transaction Kakel Max Holding will start new listing process on Nasdaq First North 
 
Source text for Eikon:  ID:nWkrax4924  
Further company coverage:  EMPb.ST  
 
($1 = 8.8568 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))