Brief: Vestum Acquires Glass Company NA Altanglas

Vestum AB (publ)

20/01/2022 07:04

Jan 20 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM, THROUGH SUBSIDIARY GGAL GROUP, ACQUIRES SPECIALIST
COMPANY IN GLASS AND ALUMINIUM LOTS WITH SALES OF SEK 50.5M,
EBITDA OF SEK 15.8M AND EBITA OF SEK 13.9M
    * VESTUM, THROUGH SUBSIDIARY GGAL GROUP, ACQUIRES SPECIALIST
COMPANY IN GLASS AND ALUMINIUM LOTS WITH SALES OF SEK 50.5M,
EBITDA OF SEK 15.8M AND EBITA OF SEK 13.9M
    * HAS THROUGH SUBSIDIARY GGAL GROUP AB AGREED TO ACQUIRE 100
PERCENT OF SHARES IN NA ALTANGLAS AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 271,555 SHARES IN
VESTUM THROUGH OFFSET ISSUES. THIS WILL RESULT IN A DILUTION OF
APPROXIMATELY 0.1%.
    * IN FISCAL YEAR OF 2021, NA ALTANGLAS GENERATED SALES OF
SEK
50.5M WITH AN EBITDA OF SEK 15.8M AND EBITA OF SEK 13.9M,
CORRESPONDING TO AN EBITDA MARGIN OF 31.3 PERCENT AND EBITA
MARGIN OF 27.5 PERCENT.
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 271,555 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY TWO
WEEKS

Source text for Eikon:  ID:nBQNc9Fl9m 
Further company coverage:  VESTUM.ST 

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