Brief: Vestum Acquires Niche Company Within Concrete Renovations

Vestum AB (publ)

24/03/2022 07:03

March 24 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM ACQUIRES WELL-ESTABLISHED NICHE COMPANY WITHIN
CONCRETE
RENOVATIONS WITH SALES OF SEK 91 MILLION
    * HAS - THROUGH VESTUM SWEDEN AB - AGREED TO ACQUIRE 100% OF
SHARES IN SPÄNNBALKKONSULT SBK AB ("SBK").
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 958,904 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY TWO
WEEKS

Source text for Eikon:  ID:nMFN8NrM0p 
Further company coverage:  VESTUM.ST 

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