Brief: Vestum Acquires Alugeum

Vestum AB (publ)

21/06/2021 06:57

June 21 (Reuters) - Vestum AB  VESTUM.ST :
    * SAID ON FRIDAY CO HAD ENTERED INTO AGREEMENT TO BUY ALL
SHARES
IN ALUGUEM AB, UNDER NAME CHANGE TO HYREX HOLDING AB, WITH
WHOLLY OWNED SUBSIDIARIES HYREX AB, HYREX INDUSTRI AB AND ALUGO
AB
    * INITIAL PURCHASE PRICE AMOUNTS TO SEK 100.0 MILLION
    * PURCHASE PRICE TO BE FINANCED WITH A PROMISSORY NOTE THAT
AFTERWARDS WOULD BE SETTLED VIA A SET-OFF ISSUE OF 2.5 MLN
SHARES IN VESTUM, CORRESPONDING TO DILUTION OF 2.8%
    * POTENTIAL ADDITIONAL PURCHASE PRICE OF UP TO SEK 60 MLN IS
CONDITIONAL UPON HYREX REACHING EBITA TARGETS IN 2021-23
    * HYREX FIGURES ARE EXPECTED TO BE CONSOLIDATED IN VESTUM
FROM Q4
2021

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN1Bn6FG
    
 Further company coverage:  VESTUM.ST  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))