DK-5471 Soendersoe, 2016-12-08 16:40 CET (GLOBE NEWSWIRE) -- Yesterday, SP Group A/S has acquired the remaining 10 % of the shares in Bröderna Bourghardt AB.
Therefore, SP Group now owns all shares in Brdr. Bourghardt.
David Bourghardt AB wants to acquire shares in SP Group instead of being a minority shareholder in Brdr. Bourghardt.
As part of this deal David Bourghardt AB has acquired 1,000 number of SP Group shares at a price of DKK 645.00 from SP Group’s own shareholding. The price for the shares in Brdr. Bourghardt AB is based on an enterprise value of approximately 5 x EBITDA.
The difference is paid in cash.
Above transaction does not affect SP Group’s outlook for the year 2016, although EPS increases marginally.
David Bourghardt stays on as managing director in Brdr. Bourghardt AB.
