Brief: Verkkokauppa.Com Acquires E-Ville.Com Online Store To Strengthen Own Brand Offering

Verkkokauppa.com Oyj

09/02/2022 18:33

Feb 9 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM ACQUIRES E-VILLE.COM ONLINE STORE TO
STRENGTHEN OWN BRAND OFFERING
    * PURCHASE PRICE AMOUNTS TO APPROXIMATELY EUR 5.3 MILLION
    * VERKKOKAUPPA.COM - WITH ACQUISITION, VERKKOKAUPPA.COM WILL
GET
E-VILLE'S EXPERIENCED SOURCING ORGANIZATION OPERATING IN
SHENZHEN AND HONG KONG, CHINA
    * TOTAL AGGREGATE PURCHASE PRICE CAN AMOUNT TO EUR 12.0
MILLION AT
MAXIMUM
    * E-VILLE'S OPERATIONS ARE ESTIMATED TO HAVE A POSITIVE
IMPACT OF
EUR 5-8 MILLION ON VERKKOKAUPPA.COM'S REVENUE IN 2022
    * VERKKOKAUPPA.COM - EUR 3.3 MILLION WILL BE PAID IN CASH
AND EUR
2.0 MILLION IN NEW SHARES TO BE ISSUED IN A DIRECTED SHARE ISSUE
TO SELLER AT CLOSING
    * NO MATERIAL LIABILITIES WILL BE TRANSFERRED IN
ACQUISITION.
    * REVENUE OF ACQUIRED OPERATIONS IN FISCAL YEAR APRIL 2020 -
MARCH
2021 AMOUNTED TO APPROXIMATELY EUR 10 MILLION

Source text for Eikon:  ID:nGNEbVssQR 
Further company coverage:  VERK.HE 

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