Europris ASA (OB:EPR) signed share purchase agreement to acquire to acquire remaining 80% stake in Runsvengruppen AB for NOK 200 million.

Europris ASA (OB:EPR) signed share purchase agreement to acquire to acquire remaining 80% stake in Runsvengruppen AB for NOK 200 million on March 21, 2024. The final purchase price is NOK 200.5 million of which NOK 13 million will be paid in cash and NOK 187.5 million will be paid with Europris treasury shares (2,579,678 shares at an implied value of NOK 72.70 per share, reflecting the proposed dividend of NOK 3.25 per Europris share). The Europris consideration shares will be subject to a customary 12-month lock-up.

Closing and settlement is subject to Foreign Direct Investment (FDI) approval from Swedish authorities. Anticipated closing of the transaction is in May 2024.