Svedbergs Group Expands To Czech Republic Through Acquisition Of Bathroom Group

About this update from Svedbergs Group Ab Class B

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 YEARSPURCHASE PRICE TO BE DETERMINED BASED ON COMPANY'S FINANCIAL PERFORMANCE DURING THAT PERIOD

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