BEWI – Closing of the Jackon transaction01-07-2022
BEWI – Closing of the Jackon transaction
With reference to previous stock exchange notices about BEWI’s acquisition of Jackon Holding, including 1 October 2021 and 15 October 2021, as well as published financial reports since then, BEWI today announces that the company has now received approval, in case of Finland and Norway with certain conditions, from all the relevant competition authorities to close the Jackon transaction. The approval in Finland is conditional upon divestment of two smaller insulation facilities and the approval in Norway is conditional upon divestment of two smaller fish box facilities in northern Norway. In total, revenues for the four facilities represent less than 2 per cent of the combined company’s annual turnover.
BEWI has also received approvals from the Swedish and German competition authorities.
The divestment of the four facilities will be conducted at market terms and the total consideration is expected to be approximately EUR 15 million.
Final closing of the Jackon transaction is expected to take place in August 2022, following completion of the divestments.
BEWI maintains its previously communicated expectations of synergies of at least EUR 12 to 15 million.
For further information, please contact:
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.
The information is such that BEWI ASA is required to disclose in accordance with the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 14:00 CEST on 1 July 2022.