Brief: Solar Acquires Thermonova

Solar A/S

01/03/2023 12:59

March 1 (Reuters) - Solar A/S  SOLARb.CO :
    * NO. 4 2023 SOLAR A/S ACQUIRES THERMONOVA A/S
    * REG-NO. 4 2023 SOLAR A/S ACQUIRES THERMONOVA A/S
    * OUR 2023 GUIDANCE REMAINS UNCHANGED.
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 51% OF
THERMONOVA, A
DANISH MANUFACTURER OF HIGH-CAPACITY HEAT PUMPS
    * ACQUISITION PRICE OF 42.5% OF SHARES OF THERMONOVA IS MADE
UP OF
A FIXED AMOUNT OF DKK 114M AND A VARIABLE AMOUNT, WHICH WILL
TOTAL DKK 10M AT MOST, EQUAL TO A VALUATION OF DKK 292M ON A NET
DEBT-FREE BASIS
    * EXPECTED TOTAL PRICE FOR 51% OF SHARES, INCLUDING VARIABLE
AMOUNT AND NEWLY ISSUED SHARES, WILL BE DKK 174M OF WHICH DKK
164M IS PAID AT CLOSING

Source text for Eikon:  ID:nGNE7X5PrH 
Further company coverage:  SOLARb.CO 

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