Brief: Midsona Acquires Danish Plant-Based Foods Company, System Frugt

Midsona AB

07/10/2020 11:22

Oct 7 (Reuters) - Midsona AB  MSONb.ST :
    * MIDSONA ACQUIRES DANISH PLANT-BASED FOODS COMPANY WITH
SALES OF
SEK 562 MILLION
    * TOTAL PURCHASE PRICE IS SEK 298 MILLION ON A
DEBT-FREE/CASH-FREE
BASIS AND WAS FINANCED WITH EXISTING CASH RESOURCES AND CREDIT
FACILITIES
    * MIDSONA EXPECTS ANNUAL SYNERGIES OF SEK 34 MILLION, WITH
FULL
EFFECT FROM END OF 2022
    * PRO FORMA, ACQUISITION INCREASES MIDSONA'S 2019 SALES BY
18
PERCENT
    * ACQUISITION HAS BEEN FINANCED WITH EXISTING CASH RESOURCES
AND
CREDIT FACILITIES
    * ACQUIRED SYSTEM FRUGT A/S

Source text for Eikon:  ID:nWkr6Gj0w6 
Further company coverage:  MSONb.ST 

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