Brief: Seafire Acquires Industrial Group Borö Pannan

Seafire AB (publ)

22/12/2022 07:49

Dec 22 (Reuters) - Seafire AB  SEAF.ST :
    * SAID ON WEDNESDAY, SEAFIRE HAS ENTERED INTO AGREEMENT TO
ACQUIRE
100% OF SHARES IN BORÖ PANNAN AND SISTER COMPANY ESC D.O.O FOR
UP TO SEK 140 MLN
    * OF THE TOTAL PURCHASE PRICE, SEK 105 MLN WILL BE PAID AT
CLOSING
IN CASH AND SEK 5 MLN IN SEAFIRE SHARES, THROUGH DIRECTED SHARE
ISSUE AT SEK 18.37 PER SHARE, RESULTING IN DILUTION OF ABOUT
0.9%
    * VARIABLE ADDITIONAL PURCHASE PRICE IS, BASED ON EBITDA
DEVELOPMENT, UP TO SEK 10 MLN PER YEAR DURING 2023-2025
    * IF EBITDA OF SEK 20 MILLION IS REACHED, MAXIMUM AMOUNT OF
SEK 10
MLN WILL BE PAID
    * COMPLETION IS PLANNED FOR JANUARY 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN1405VL
 Further company coverage:  SEAF.ST  
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