Brief: Schouw & Co Merges GPV International And Enics

Schouw & Co.

22/06/2022 11:10

June 22 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * SCHOUW & CO. SIGNED AN AGREEMENT WITH FINNISH COMPANY
AHLSTRÖM
CAPITAL TO MERGE GPV INTERNATIONAL A/S WITH SWISS-BASED COMPANY
ENICS
    * ON COMPLETION OF TRANSACTION, TWO EXISTING COMPANIES ARE
EXPECTED TO BE ORGANISED UNDER A NEWLY-ESTABLISHED HOLDING
COMPANY
    * FOLLOWING MERGER, AHLSTRÖM CAPITAL WILL HOLD 20% OF
COMBINED
ENTITY, WHILE SCHOUW & CO. WILL HOLD 80% IN RETURN FOR PAYMENT
OF AN AMOUNT OF EUR 60 MILLION
    * AGREEMENT ALSO INCLUDES PUT/CALL OPTIONS FOR OUTSTANDING
20% OF
SHARES, WHICH MAY BE EXERCISED AFTER THREE TO FIVE YEARS BASED
ON SAME MULTIPLE

Source text for Eikon:  ID:nGNE364BzC 
Further company coverage:  SCHO.CO 

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