Brief: Self Storage Buys Eurobox Minilager AS, Plans Private Placement

Self Storage ASA

25/06/2019 15:53

June 25 (Reuters) - Self Storage Group ASA  SSG.OL :
    * : ACQUISITION OF EUROBOX MINILAGER AS, PROPERTY ACQUISITIONS IN OSLO AND CONTEMPLATED
PRIVATE
PLACEMENT
    * HAS ON 25 JUNE 2019 ENTERED INTO AN AGREEMENT WITH FIRST RISK CAPITAL AS TO ACQUIRE 100%
OF
SHARES IN EUROBOX MINILAGER AS
    * HAS AGREED ON PURCHASE PRICE OF TWO ADDITIONAL PROPERTIES IN OSLO, LOCATED AT SKØYEN AND
KALBAKKEN
    * IN CONNECTION WITH ACQUISITION OF EUROBOX AND TWO PROPERTIES IN OSLO, SELF STORAGE GROUP
WILL
LAUNCH A CONTEMPLATED PRIVATE PLACEMENT RAISING GROSS PROCEEDS OF UP TO NOK 250 MILLION
    * WILL AFTER PRIVATE PLACEMENT HAVE FINANCIAL FLEXIBILITY TO FINANCE EUROBOX ACQUISITION,
TWO
ADDITIONAL PROPERTIES IN OSLO AND FUTURE EXPANSION OPPORTUNITIES
    * SELF STORAGE GROUP WILL ACQUIRE EUROBOX FOR AN ENTERPRISE VALUE OF NOK 320 MILLION
    * TWO TRANSACTIONS ARE EXPECTED TO CLOSE DURING Q3 2019
    * ACQUISITIONS ARE IN LINE WITH GROUPS STRATEGY TO GROW FREEHOLD PORTFOLIO IN GREATER OSLO
AREA.

Source text for Eikon:  ID:nWkr2Ql255 
Further company coverage:  SSG.OL 

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