Brief: Epti Unit Acquires ApParkingSpot Nordic

OODA AI publ AB

06/05/2022 13:25

May 6 (Reuters) - Epti AB  EPTI.ST :
    * EPTI'S MAJORITY-OWNED PORTFOLIO COMPANY LINKY ACQUIRES
APPARKINGSPOT NORDIC AB IN A TRANSACTION THAT CAN BE EQUATED
WITH A REVERSE ACQUISTION
    * PURCHASE PRICE AMOUNTS TO SEK 76.5 MILLION AND IS PAID
THROUGH
NEWLY ISSUED SHARES IN APPARKINGSPOT
    * TRANSACTION IS ESTIMATED TO BE COMPLETED DURING Q2 2022
    * APPARKINGSPOT WILL BE RENAMED LINKY AB
    * THROUGH TRANSACTION, EPTI WILL BECOME MAJORITY OWNER OF A
PUBLIC
PAAS COMPANY PRIVIDING AN ATTRACTIVE AND COMPREHENSIVE OFFERING
WITHIN MOBILITY
    * TRANSACTION IS SUBJECT TO APPROVAL AT APPARKINGSPOT'S
ANNUAL
GENERAL MEETING

Source text for Eikon:  ID:nGNE8ChHp6 
Further company coverage:  EPTI.ST 

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