Brief: Norva24 Acquire Jutzy In Potsdam

Norva24 AB (publ)

29/08/2022 07:49

Aug 29 (Reuters) - Norva24 Group AB (publ)  NORVA.ST :
    * NORVA24 ACQUIRE JUTZY IN POTSDAM, ADDING NOK ~150 MILLION
IN
REVENUE AND CONSOLIDATES NORVA24 AS THE CLEAR MARKET LEADER IN
THE GREATER BERLIN AREA
    * DEAL IS EXPECTED TO BE COMPLETED DURING Q3 OF 2022
    * DEAL PRIMARILY FINANCED BY NORVA24'S EXISTING CREDIT
FACILITY
    * TO ACQUIRE JUTZY WHICH HAD REVENUE OF NOK ABOUT 150
MILLION (EUR
15 MILLION) IN 2021 WITH HEALTHY MARGIN

Source text for Eikon:  ID:nMFN5yMtVp 
Further company coverage:  NORVA.ST 

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