Expands Into UK

Svedbergs AB

01/12/2021 17:04

Dec 1 (Reuters) - Svedbergs i Dalstorp AB  SVEDb.ST :
    * SVEDBERGS CONTINUES TO DEVELOP GROUP - EXPANDS INTO UK
    * SVEDBERGS I DALSTORP AB - ENTERED INTO AN AGREEMENT TO
ACQUIRE
ROPER RHODES LTD
    * SVEDBERGS I DALSTORP AB - PURCHASE PRICE, ON A CASH AND
DEBT
FREE BASIS, OF A MAXIMUM OF GBP 90 MILLION FOR DEAL
    * TRANSACTION HAS BEEN COMPLETED TODAY AND ROPER RHODES IS
CONSOLIDATED IN SVEDBERGS AS OF 1 DECEMBER 2021
    * SVEDBERGS I DALSTORP - SVEDBERGS INTENDS TO CARRY OUT
RIGHTS
ISSUE WITH PREFERENTIAL RIGHTS FOR EXISTING SHAREHOLDERS OF SEK
500 MILLION DURING Q1 OF 2022
    * ROPER RHODES' CEO LEIGH LEATHER JOINS GROUP MANAGEMENT OF
SVEDBERGS
    * SVEDBERGS - INCREASED ITS CREDIT FACILITIES BY SEK 400 MLN
&SECURED 2BRIDGE FACILITIES OF SEK 620 MLN IN AGGREGATE 

Source text for Eikon:  ID:nWkr1j6pKF 
Further company coverage:  SVEDb.ST 

 ((Reuters.Briefs@thomsonreuters.com;;))