Brief: Schouw & Co. acquires majority of shares in Borg Automotive

Schouw & Co.

20/03/2017 12:15

March 20 (Reuters) - Schouw & Co A/S  SCHO.CO : 
    * Acquires the majority of shares in Borg Automotive 
    * Has entered into an agreement on acquisition of Danish 
industrial company Borg Automotive in Silkeborg, Denmark  
    * It is intention that Schouw & Co. shall take over 85% of 
business 
    * Business has been assessed at about 1.15 billion Danish 
crowns ($166.26 million) on a debt-free basis (enterprise value 
for 100% of business) 
    * Acquisition is expected to become effective from beginning 
of April 2017 
    * For 9 month period in 2017 Borg Automotive is expected to 
be recognised with a revenue of about 800 million crowns and an 
EBIT in range of 110-130 million crowns 
 
Source text for Eikon:  ID:nCSE6PL9  
Further company coverage:  SCHO.CO  
 
($1 = 6.9169 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))