Brief: C.A.G Buys E-Commerce Company Ateles Consulting

CAG AB

11/12/2020 08:53

Dec 11 (Reuters) - C.A.G Group AB  CAGGR.ST :
    * SAID ON THURSDAY SIGNED AN AGREEMENT TO ACQUIRE E-COMMERCE
COMPANY ATELES CONSULTING AB
    * THE PURCHASE PRICE AMOUNTS TO A TOTAL OF SEK 46.7 MILLION
ON
CASH AND DEBT-FREE BASIS AND IS PAID IN CASH 
    * THE PURCHASE PRICE CORRESPONDS TO AN EV/EBIT MULTIPLE OF
6.2
BASED ON EARNINGS FORECASTED IN 2021
    * CHANGE OF HANDS IS TO TAKE PLACE ON JAN. 14, 2021 
    * ATELES SALES IN 2019 AMOUNTED TO ABOUT SEK 77 MILLION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr24Sv4P
    
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