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RELAIS - Relais Oyj News Story

€17.3 -0.5  -2.5%

Last Trade - 2:41pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £266.8m
Enterprise Value £291.7m
Revenue £112.0m
Position in Universe 630th / 1829

BRIEF-Relais Group Oyj Is Expanding To Denmark By Acquiring Majority Interest In SEC Scandinavia A/S

Thu 16th January, 2020 4:23pm
Jan 16 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC IS EXPANDING TO DENMARK BY ACQUIRING
MAJORITY
INTEREST IN SEC SCANDINAVIA A/S
    * AGREED IT WILL ACQUIRE A 70 PERCENT MAJORITY INTEREST IN
DANISH
SEC SCANDINAVIA A/S
    * SELLERS ARE LEIF DAA HOLDING A/S AND GOPPE A/S, WHICH WILL
REMAIN SEC MINORITY OWNERS
    * ACQUISITION PRICE IS EUR 0.8 MILLION AND IS PAID IN CASH.
    * COMPANY'S DEBT-FREE VALUE IS EUR 1.1 MILLION
    * ACQUISITION WILL BE CARRIED OUT ON 16 JANUARY 2020, AND
SEC WILL
BE REPORTED AS PART OF RELAIS GROUP AS OF 1 JANUARY 2020
    * CONTRACT INCLUDES A MUTUAL PUT & CALL OPTION FOR 30
PERCENT
MINORITY SHARES OF SEC SCANDINAVIA A/S VALID BETWEEN 1 JAN & 30
JUNE 2022

Source text for Eikon:  ID:nWkr52j9M0 
Further company coverage:  RELAIS.HE 

 ((Reuters.Briefs@thomsonreuters.com;))
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