Brief: Nordic Waterproofing Acquires 70% Of VKP In Finland

Nordic Waterproofing Holding AB

17/06/2022 13:44

June 17 (Reuters) - Nordic Waterproofing Holding AB
 NWHD.ST :
    * WATERPROOFING ACQUIRES 70% OF VKP HOLDING OY IN FINLAND
    * SIGNED AN AGREEMENT TO ACQUIRE 70 PERCENT OF FINNISH
COMPANY VKP
HOLDING OY
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE ON 1 JULY
2022
    * NORDIC WATERPROOFING HAS AN OPTION TO ACQUIRE REMAINING 30
PERCENT OF SHARES IN TWO TRANCHES, FIRST IN 2024 AND SECOND IN
2026
    * VKP HAS ANNUAL TURNOVER OF EUR 9 M
    * ACQUISITION IS FINANCED THROUGH NORDIC WATERPROOFING'S
EXISTING
CREDIT FACILITIES
    * ACQUISITION IS EXPECTED TO HAVE A MINOR POSITIVE EFFECT ON
NORDIC WATERPROOFING'S EARNINGS PER SHARE IN 2022 WITHIN SEGMENT
INSTALLATION SERVICES

Source text for Eikon:  ID:nMFN22hqnW 
Further company coverage:  NWHD.ST 

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