Svedbergs Group AB OMXSTO:SVED_B:
EXPANDS TO CZECH REPUBLIC THROUGH ACQUISITION OF BATHROOM GROUP UBC S.R.O.
ACQUISITION WILL BE FINANCED THROUGH A COMBINATION OF OWN FUNDS AND BANK FINANCING.
WILL INITIALLY ACQUIRE 80% OF COMPANY, WITH OPPORTUNITY AND PLAN TO ACQUIRE REMAINING 20% WITHIN 3-5 YEARS
PURCHASE PRICE TO BE DETERMINED BASED ON COMPANY'S FINANCIAL PERFORMANCE DURING THAT PERIOD