Brief: Soprano Acquires Wetteri Group Via Share Exchange

Wetteri Oyj

02/06/2022 07:44

June 2 (Reuters) - Soprano Oyj  SOPRA.HE :
    * BUYS THE WETTERI GROUP THROUGH A SHARE EXCHANGE
    * SIGNED CONDITIONAL SHARE EXCHANGE AGREEMENT, ACCORDING TO WHICH IT WILL PURCHASE ALL THE
SHARES
IN THEMIS HOLDING OY, THE PARENT COMPANY OF THE WETTERI GROUP, WHICH OPERATES IN THE CAR TRADE
INDUSTRY.
    * IMPLEMENTATION OF ACQUISITION IS EXPECTED TO TAKE PLACE IN SEPTEMBER-OCTOBER 2022,
HOWEVER, BY
THE END OF THE CURRENT FINANCIAL YEAR AT THE LATEST.
    * ACQUISITION WILL BE IMPLEMENTED THROUGH A SHARE EXCHANGE BY ARRANGING A DIRECTED SHARE
ISSUE TO
THE SHAREHOLDERS OF THEMIS HOLDING OY
    * THE BOOK VALUE OF SHARE CAPITAL FOR THEMIS HOLDING IN THE SHARE EXCHANGE AGREEMENT IS
APPROXIMATELY EUR 54.1 MILLION AND 8.8 MILLION FOR SOPRANO
    * MAIN SHAREHOLDERS OF WETTERI AND NEW INVESTORS WILL OWN ABOUT 86% OF NEW COMPANY
    * AFTER THE ACQUISITION NEW COMPANY WILL BE CALLED WETTERI

Source text for Eikon:  ID:nGNE6L378L 
Further company coverage:  SOPRA.HE 

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