BEWi announces that all regulatory approvals for the acquisition of Synbra have been obtained03-05-2018
BEWi announces that all regulatory approvals for the acquisition of Synbra have been obtained
Press release 2018-05-03, at 8.30 p.m. CET
On 22 March 2018, BEWi Group AB (publ) (“BEWi”), announced that it, through a Dutch wholly-owned subsidiary, had entered into a share purchase agreement to acquire all the shares in Synbra Holding B.V. (“Synbra”) with certain funds managed by Gilde Buy Out Partners (“Gilde”) and its co-investors as sellers. Completion of the acquisition is subject to financing and regulatory approval.
On 12 April 2018, BEWi announced that it successfully placed a senior secured bond loan in an amount of EUR 75 million under a framework of EUR 100 million due in April 2022.
Today, BEWi announces that all regulatory approvals for the acquisition of Synbra have been obtained and that completion of the acquisition is contemplated to occur on or about 14 May 2018.
For further information, please contact:
Christian Bekken, CEO, BEWi Group. Tel: +47 905 55 141
Marie Danielsson, CFO, BEWi Group. Tel: +46 70 661 00 47
The information is such that BEWi Group AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact persons set out above, at 8.30 p.m. CET on 3 May 2018.
BEWi Group manages and controls the entire chain from the manufacture of raw materials to finished products for the construction, packaging, and technical packaging industries. We invest in new techniques and development of innovative environmentally sound products, which creates value across the chain. As the market continues to grow, BEWi will also grow, both organically as well as through acquisitions in order to create positive synergies around purchases, raw material management, marketing information, customer focus, efficient production and administration.
BEWi Group is owned to 48.5% by the Norwegian family Bekken through BeWi Holding, to 48.% by Verdane Capital Advisors and to 3% by Group management.