Brief: Vestum Acquires Pordrän Sverige

Vestum AB (publ)

06/04/2022 07:07

April 6 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM ACQUIRES MARKET-LEADING NICHE COMPANY IN MOISTURE
PROTECTION WITH SALES OF SEK 74 MILLION
    * HAS - THROUGH VESTUM SWEDEN AB - AGREED TO ACQUIRE 100% OF
SHARES IN PORDRÄN SVERIGE AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 1,658,197 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.5%.
PORDRÄN
WILL BE INCLUDED IN VESTUM'S SERVICES SEGMENT
    * IN FISCAL YEAR OF 2021, PORDRÄN GENERATED SALES OF SEK 74
MILLION.
    * PORDRÄN HAS AN EBITA MARGIN THAT IS SIGNIFICANTLY HIGHER
THAN
VESTUM GROUP'S ADJUSTED EBITA MARGIN.
    * PORDRÄN'S FINANCIALS ARE EXPECTED TO BE CONSOLIDATED INTO
VESTUM
FROM APRIL 2022
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 1,658,197 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY ONE
WEEK.

Source text for Eikon:  ID:nMFN7KNn0 
Further company coverage:  VESTUM.ST 

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