Brief: Relais Acquires S-E-T For DKK 41.6 Mln

Relais Oyj

12/12/2022 10:51

Dec 12 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC STRENGTHENS ITS POSITION IN DENMARK BY
ACQUIRING S-E-T A/S
    * S-E-T'S NET SALES FOR YEAR 2021 WAS APPROXIMATELY 29.7
MDKK AND
EBIT WAS APPROXIMATELY 8.0 MDKK
    * PURCHASE PRICE FOR SHARES OF S-E-T IS 41.6 MDKK, BASED ON
AN
ENTERPRISE VALUE OF 41.0 MDKK
    * ADDITIONALLY, 7.5 MDKK OF PURCHASE PRICE WILL BE FINANCED
THROUGH A TWO-YEAR VENDOR NOTE ISSUED BY SELLER
    * OF PURCHASE PRICE, 33.1 MDKK WAS PAID AT CLOSING AND 1.0
MDKK
WILL BE PAID BY END OF MAY 2023

Source text for Eikon:  ID:nWkr4WG9CW 
Further company coverage:  RELAIS.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))