Brief: MT Hoejgaard Unit Enemærke & Petersen Buys Construction Group NemByg

MT Hoejgaard Holding A/S

22/06/2021 08:21

June 22 (Reuters) - MT Hoejgaard Holding A/S  MTHH.CO :
    * ENEMÆRKE & PETERSEN ACQUIRES CONSTRUCTION GROUP NEMBYG
    * BUSINESS UNIT, ENEMÆRKE & PETERSEN A/S, HAS ENTERED INTO
AN
AGREEMENT TO ACQUIRE 60% OF SHARES IN CONSTRUCTION GROUP NEMBYG
A/S
    * PURCHASE PRICE FOR 60% OF SHARES IS DKK 41 MILLION
(ENTERPRISE
VALUE)
    * PRICE FOR REMAINING 40% WILL BE BASED ON AN EARN-OUT MODEL
AND
REFLECTIVE OF NEMBYG'S PERFORMANCE
    * CLOSING IS EXPECTED DURING Q3 2021
    * ACQUISITION OF NEMBYG DOES NOT CHANGE MT HØJGAARD
HOLDING'S
PREVIOUSLY ANNOUNCED OUTLOOK FOR 2021

Source text for Eikon:  ID:nGNE9Hl7KZ 
Further company coverage:  MTHH.CO 

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