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RELAIS - Relais Oyj News Story

€17.25 0.1  0.6%

Last Trade - 11:31am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £256.1m
Enterprise Value £280.9m
Revenue £111.3m
Position in Universe 645th / 1829

BRIEF-Relais Acquires Swedish Strands Group

Mon 14th December, 2020 7:44am
Dec 14 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC ACQUIRES SWEDISH STRANDS GROUP AB AND SIGNIFICANTLY STRENGTHENS ITS
LIGHTING
BUSINESS
    * CLOSING OF CORPORATE ACQUISITION IS ESTIMATED TO TAKE PLACE ON 5 JANUARY 2021
    * HAS SIGNED AN AGREEMENT ("PURCHASE AGREEMENT") ON ACQUISITION OF ENTIRE SHARE CAPITAL OF
SWEDISH
COMPANY STRANDS GROUP AB
    * PURCHASE PRICE OF ENTIRE STOCK OF STRANDS IS ESTIMATED AT SEK 182,200,000, WHICH WILL BE
ADJUSTED AS PER TERMS OF PURCHASE AGREEMENT
    * APPROXIMATELY SEK 40,700,000 OF PURCHASE PRICE WILL BE PAID BY SHARES IN RELAIS. REST OF
PURCHASE PRICE WILL BE PAID IN CASH.
    * PURCHASE AGREEMENT ALSO INCLUDES SELLERS' RIGHT TO AN ADDITIONAL PURCHASE PRICE OF A
MAXIMUM OF
SEK 25,000,000 IF FINANCIAL TARGETS AGREED BY PARTIES ARE REACHED BY END OF 2022

Source text for Eikon:  ID:nWkr5Q8SDP 
Further company coverage:  RELAIS.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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