Brief: Vestum Acquires LTI Group

Vestum AB (publ)

03/02/2022 07:23

Feb 3 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM STRENGTHENS ITS POSITION IN TECHNICAL INSULATION
THROUGH
THE ACQUISITION OF A SPECIALIST GROUP WITH SALES OF SEK 54M,
EBITDA OF SEK 12M AND EBITA OF SEK 10M
    * AGREED TO ACQUIRE LTI GROUP, WHICH INCLUDES LERUMS
TEKNISKA
ISOLERING LTI AB ("LTI GROUP").
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 471,822 SHARES IN
VESTUM THROUGH OFFSET ISSUES.

Source text for Eikon:  ID:nBQN8PgYdt 
Further company coverage:  VESTUM.ST 

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