Brief: Sievi Capital: Nordic Rescue Group Buys Entire Stock Of Swedish Sala Brand AB

KH Oyj

18/06/2021 09:02

June 18 (Reuters) - Sievi Capital Oyj  SIEVI.HE :
    * NORDIC RESCUE GROUP EXPANDS ITS OPERATIONS TO SWEDEN
THROUGH
ACQUISITION
    * NORDIC RESCUE GROUP ACQUIRED ENTIRE STOCK OF SWEDISH SALA
BRAND
AB
    * NRG WILL EXPAND ITS OPERATIONS TO SWEDEN AND CREATE A
LEADING
NORDIC RESCUE AND FIRE VEHICLE GROUP.
    * AS PART OF FINANCING OF TRANSACTION, NRG HAS ISSUED SHARES
TO
EXISTING OWNERS AND TO ANDERSÉRS MEKANISKA VERKSTAD AB, SELLER
IN TRANSACTION
    * SALA BRAND'S NET SALES IN 2020 WERE SEK 163 MILLION
    * IN SHARE ISSUE, SIEVI CAPITAL MADE AN ADDITIONAL
INVESTMENT OF
APPROXIMATELY EUR 2.5 MILLION AND SIEVI CAPITAL'S STAKE IN NRG
DECREASED TO 67.9% AFTER SHARE ISSUE.

Source text for Eikon:  ID:nGNE3M8LtF 
Further company coverage:  SIEVI.HE 

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