Brief: OX2 To Acquire Esco Pacific In Australia

OX2 AB (publ)

31/03/2023 06:32

March 31 (Reuters) - OX2 AB (publ)  OX2SE.ST :
    * OX2 TO ACQUIRE ESCO PACIFIC, A LEADING RENEWABLE DEVELOPER
IN
AUSTRALIA
    * SIGNED AN AGREEMENT TO ACQUIRE ESCO PACIFIC FOR AUD 126
MILLION
(SEK 872 MILLION)
    * TRANSACTION IS SUBJECT TO FULFILMENT OF CERTAIN CONDITIONS
AND
IS EXPECTED TO CLOSE BY END OF APRIL
    * THERE IS A CONTINGENT CONSIDERATION AMOUNTING TO UP TO AUD
17
MILLION TO FOUNDER BASED ON SALES AND MARGINS IN 2025-2027 FROM
ACQUIRED PROJECT DEVELOPMENT PORTFOLIO

Source text for Eikon:  ID:nMFN2fqlYG 
Further company coverage:  OX2SE.ST 

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