Brief: SKEL Unit Signs Term Sheet For Acquisition Of Stólpi Gámar

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15/11/2023 08:22

Nov 15 (Reuters) - Skel fjarfestingafelag hf  SKEL.IC :
    * STYRKÁS EHF., A COMPANY 69.64% OWNED BY SKEL, SIGNS A TERM SHEET SETTING OUT TERMS AND
CONDITIONS FOR THE ACQUISITION OF STÓLPI GÁMAR EHF. AND RELATED COMPANIES
    * ENTERPRISE VALUE OF SOLD COMPANIES ACCORDING TO AGREEMENT IS 3,548 MILLION ISK.
    * PURCHASE PRICE OF EQUITY OF SOLD COMPANIES AMOUNTS TO 2,970 MILLION ISK
    * 55% OF PURCHASE PRICE WILL BE PAID IN CASH AND 45% WILL BE PAID WITH A SELLER LOAN AND NEW
SHARES IN STYRKÁS.

Source text for Eikon:  ID:nGNE3CsYQW 
Further company coverage:  SKEL.IC 

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