Brief: Online Brands Acquires Nordic Kidswear

Online Brands Nordic AB

24/03/2022 06:55

March 24(Reuters) - Online Brands Nordic AB  OBAB.ST :
    * SAID ON WEDNESDAY ONLINE BRANDS ACQUIRES CHILDREN'S
CLOTHING
COMPANY NORDIC KIDSWEAR
    * THE ACQUISITION IS EXPECTED TO BE COMPLETED ON APRIL 20,
2022
    * THE INITIAL PURCHASE PRICE FOR ALL SHARES IN NORDIC
KIDSWEAR
AMOUNTS TO SEK 38.2 MLN
    * FURTHERMORE, ADDITIONAL CASH PURCHASE PRICE LINKED TO
NORDIC
KIDSWEAR'S DEVELOPMENT DURING THE YEARS 2022-2024 CAN BE PAID
    * ADDITIONAL PURCHASE PRICE CANNOT EXCEED SEK 35 MLN

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN2kSWwG
 Further company coverage:  OBAB.ST  

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