Brief: Karnov Intends To Acquire Legal Information-Based Biz Of Thomson Reuters In Spain, Wolters Kluwer In Spain, France

Karnov AB (publ)

09/12/2021 07:54

Dec 9 (Reuters) - Karnov Group AB (publ)  KARNO.ST :
    * KARNOV ANNOUNCES SUBMISSION OF A BINDING OFFER TO ACQUIRE CARVED OUT LEGAL
INFORMATION-BASED
BUSINESSES OF BOTH THOMSON REUTERS IN SPAIN AND WOLTERS KLUWER IN SPAIN AND FRANCE
    * COMBINED TRANSACTION ENTITIES WOULD HAVE PRELIMINARY UNAUDITED PRO FORMA REVENUES OF
APPROXIMATELY EUR 123.9 MILLION
    * TRANSACTION CONSIDERATION WOULD BE PAYABLE IN CASH AND AMOUNTS TO EUR 160 MILLION ON A
CASH- AND
DEBT-FREE BASIS
    * HAS AGREED ON TERMS AND SECURED A NEW BRIDGE LOAN FACILITY FROM NORDEA DANMARK TO FINANCE
DEAL
    * COMBINED GROUP (KARNOV AND TRANSACTION ENTITIES) WOULD HAVE CONTEMPLATED PRELIMINARY
UNAUDITED
PRO FORMA REVENUE FOR SIX-MONTH PERIOD ENDED 30 JUNE 2021 OF ABOUT SEK 992.8 MILLION
    * COMBINED GROUP WOULD HAVE CONTEMPLATED PRELIMINARY UNAUDITED PRO FORMA ADJUSTED EBITDA FOR
SIX-MONTH PERIOD ENDED JUNE 30 OF ABOUT SEK 292.9 MILLION
    * COMPLETION OF CONTEMPLATED DEAL IS ENVISAGED TO OCCUR NO LATER THAN DURING 2022, SUBJECT
TO
CLEARANCE BY SPANISH ANTITRUST AUTHORITY

Source text for Eikon:  ID:nWkr1B1xvs 
Further company coverage:  KARNO.ST 

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