Bilia AB has been informed by the Swedish Competition Authority that the acquisition of the Stockholm-based Hyundai dealer Haglund & Hellberg Bil i Haninge AB can go ahead.
Haglund & Hellberg Bil i Haninge AB has a turnover of approximately SEK 175 M and the company’s operating margin is 1.7%. It has 32 employees.
As a result of this deal, the Bilia Group’s balance sheet is expected to increase by around SEK 37 M, while it is anticipated that the impact on the result after acquisition costs will be marginal. Haglund & Hellberg Bil i Haninge AB’s profit and loss account and balance sheet for the final quarter of 2005 will be included in the Bilia Group’s final accounts for the last quarter of 2005.
Göteborg, 6 October 2005
Bilia AB (publ.)
For further information, please contact Bilia’s managing director, Jan Pettersson, or its CFO,
Gunnar Blomkvist, Bilia AB, phone: +46 31709 55 00.
