HABO, Sweden, March 7, 2019 /PRNewswire/ -- Fagerhult has today
completed the acquisition of iGuzzini illuminazione S.p.A. after
receiving regulatory approval from the German and Russian
Competition Authorities. In accordance with the resolutions passed
at the EGM of Fagerhult on February 7th,
2019, the board of directors of Fagerhult has also decided
on the issue in kind. The issue in kind forms part of the purchase
price for the acquisition as was previously communicated when the
acquisition was announced on December 21,
2018.
The purchase price for iGuzzini amounts to 375.9 MEUR, of which
284.5 MEUR is paid in cash and 91.4 MEUR in new Fagerhult shares.
For more information see the press release from December 21, 2018. More information on iGuzzini
is available at www.iguzzini.com.
The issue in kind in brief
As part of the purchase price for iGuzzini, the board of
directors of Fagerhult has decided to issue 11,244,805 new shares
in Fagerhult. The new shares have been subscribed for by the
sellers of iGuzzini (Fimag S.p.A. and Tip-Pre IPO S.p.A.) who have
paid for the new shares by transferring to Fagerhult shares in
iGuzzini at an agreed value of 91.4 MEUR (963.6 MSEK[1]).
Habo, March 7, 2019
Disclosures may be submitted by
Bodil Sonesson CEO, mobile: +46-72223-7602
e-mail: bodil.sonesson@fagerhult.se
Michael Wood CFO, mobile: +46-73-087-46-47 e-mail:
michael.wood@fagerhult.se
[1] Based on an exchange rate as on March 4, 2019, at 12:00
CET of 10.54 SEK/EUR.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/fagerhult/r/fagerhult-completes-iguzzini-acquisition-and-decides-on-an-issue-in-kind,c2756672
The following files are available for download:
https://mb.cision.com/Main/1781/2756672/1003921.pdf
|
Fagerhult completes
iGuzzini acquisition and decides on an issue in kind
|
View original
content:http://www.prnewswire.com/news-releases/fagerhult-completes-iguzzini-acquisition-and-decides-on-an-issue-in-kind-300808545.html
SOURCE Fagerhult