Brief: Cibus Signs Acquisition Of 72 Grocery Stores In Finland, Agrees On Directed Share Issue To Sagax

Sagax AB

16/06/2021 13:34

June 16 (Reuters) - Cibus Nordic Real Estate AB (publ)
 CIBUS.ST :
    * CIBUS NORDIC REAL ESTATE AB (PUBL) SIGNS THE ACQUISITION
OF 72
GROCERY STORES IN FINLAND FOR EUR 71.6M AND AGREES ON A DIRECTED
SHARE ISSUE OF 2,000,000 NEW SHARES TO AB SAGAX
    * HAS AGREED TO PAY A PART OF PURCHASE PRICE WITH A DIRECTED
SHARE
ISSUE OF 2,000,000 SHARES TO SELLER
    * DEAL IS TARGETED TO CLOSE DURING Q4 OF 2021
    * NEW SHARES TO BE ISSUED TO SELLER CORRESPOND TO ABOUT 4.8%
OF
SHARES IN CIBUS AFTER NEW SHARE ISSUE

Source text for Eikon:  ID:nBQN1kJ1G6 
Further company coverage:  CIBUS.ST 

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