Bergs Timber has signed a letter of intent to acquire Norvik Timber Industries’ operations in the Baltics and the United Kingdom. The target companies demonstrated net sales of approx. SEK 1.6bn and profits after tax of SEK 78m during a period corresponding to Berg Timer’s financial year 2016/2017. Payment is intended to be paid with 170 million newly issued shares in Bergs Timber, as well as a cash payment of SEK 270m.
