Brief: Vestum Acquires GW Asfalt & Trädgårdsanläggningar

Vestum AB (publ)

05/10/2021 07:18

Oct 5 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM ACQUIRES MARKET LEADER IN COURTYARD RENOVATIONS
WITH
SALES OF SEK 224.3M, EBITDA OF SEK 47.1M AND EBITA OF SEK 41.9M
    * HAS AGREED TO ACQUIRE 100 PERCENT OF SHARES IN GW ASFALT &
TRÄDGÅRDSANLÄGGNINGAR AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 799,676 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * ACQUISITION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
FOUR TO SIX WEEKS.

Source text for Eikon:  ID:nBQN90B2p8 
Further company coverage:  VESTUM.ST 

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