Brief: Vestum, Through Subsidiary GGAL Group, Acquires Tannefors Glas

Vestum AB (publ)

23/11/2021 06:50

Nov 23 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM, THROUGH SUBSIDIARY GGAL GROUP, ACQUIRES SPECIALIST
COMPANY IN GLASS AND ALUMINIUM LOTS WITH SALES OF SEK 47.9M,
EBITDA OF SEK 5.8M AND EBITA OF SEK 3.8M
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 50,569 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TANNEFORS GLAS' FINANCIALS ARE EXPECTED TO BE CONSOLIDATED
INTO
GGAL GROUP FROM Q4 2021
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY TWO
WEEKS

Source text for Eikon:  ID:nBQN22VfJG 
Further company coverage:  VESTUM.ST 

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