Brief: Vestum's Unit GGAL Group Acquires Mälarmontage Glas & Metall

Vestum AB (publ)

21/01/2022 06:33

Jan 21 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM, THROUGH SUBSIDIARY GGAL GROUP, ACQUIRES SPECIALIST
COMPANY IN GLASS AND ALUMINIUM LOTS WITH SALES OF SEK 29.8M,
EBITDA OF SEK 5.0M AND EBITA OF SEK 3.3M
    * VESTUM, THROUGH SUBSIDIARY GGAL GROUP, ACQUIRES SPECIALIST
COMPANY IN GLASS AND ALUMINIUM LOTS WITH SALES OF SEK 29.8M,
EBITDA OF SEK 5.0M AND EBITA OF SEK 3.3M
    * HAS THROUGH SUBSIDIARY GGAL GROUP AB AGREED TO ACQUIRE 100
PERCENT OF SHARES IN MÄLARMONTAGE GLAS & METALL AB
("MÄLARMONTAGE")
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 135,777 SHARES IN
VESTUM THROUGH OFFSET ISSUES.
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 135,777 SHARES IN
VESTUM
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.04%
    * IN FISCAL YEAR OF 2021, MÄLARMONTAGE GENERATED SALES OF
SEK
29.8M WITH AN EBITDA OF SEK 5.0M AND EBITA OF SEK 3.3M,
CORRESPONDING TO AN EBITDA MARGIN OF 16.9 PERCENT AND EBITA
MARGIN OF 11.2 PERCENT.
    * MÄLARMONTAGE'S FINANCIALS ARE EXPECTED TO BE CONSOLIDATED
INTO
GGAL GROUP FROM Q1 2022
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 135,777 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY TWO
WEEKS

Source text for Eikon:  ID:nBQN2ck447 
Further company coverage:  VESTUM.ST 

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