Europris AS: Europris has closed and settled the acquisition of the remaining 80 per cent of Runsvengruppen/ÖoB
Fredrikstad, 2 May 2024: Reference is made to Europris ASA's stock exchange notice of 21 March 2024, notifying about Europris' entry into a share purchase agreement to acquire the remaining 80 per cent of Runsvengruppen AB from RuNor AS.
The transaction was closed and settled today. Europris has transferred 2,579,678 Europris shares held in treasury to RuNor AS, as payment for the remaining shares of Runsvengruppen AB, which now has become a wholly owned subsidiary of Europris.
The transferred Europris shares will be subject to a customary 12-month lock-up. The lock-up for the initial consideration shares delivered in 2019 is no longer in force (the remaining balance of the initial consideration shares is 1,449,898 shares).
The NOK 13 million cash component of the purchase price was netted towards outstanding payments from the seller of awarded costs under the arbitration award of 19 December 2023, leaving a net NOK 0.2 million being paid by Europris to RuNor AS today.
Europris will provide the market with more information about operational plans for ÖoB at a later stage.
For further inquiries, please contact:
CEO Espen Eldal, Europris, espen.eldal@europris.no,+47 48 29 24 24
CFO Stina Charlene Byre, Europris, stina.byre@europris.no,+47 41 10 58 08