Brief: Vestum Through Unit Acquires Specialist Company In Infrastructure

Vestum AB (publ)

21/02/2022 07:04

Feb 21 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM, THROUGH SUBSIDIARY ARCTIC INFRA, ACQUIRES
SPECIALIST
COMPANY IN INFRASTRUCTURE WITH SALES OF SEK 11.2M, EBITDA OF SEK
2.5M AND EBITA OF SEK 1.6M
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 83,729 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * IN FISCAL YEAR OF 2021, ROCKCON GENERATED SALES OF SEK
11.2M
WITH AN EBITDA OF SEK 2.5M AND EBITA OF SEK 1.6M
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
FOUR WEEKS

Source text for Eikon:  ID:nBQNbjtqk8 
Further company coverage:  VESTUM.ST 

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