Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Europris buys into Swedish ÖoB to create a Nordic retail alliance
June 26, 2018

The low price chain Europris buys into the Swedish low price chain ÖoB in a collaboration with Runsvengruppen, which owns ÖoB. Europris has secured the right to take over the entire Swedish company in the long term. The companies will collaborate on procurement, concept development, online trading and automated solutions. The two chains will retain their independent management and brand. As part of the agreement, Europris will purchase a 20 percent stake in ÖoB with payment in Europris shares, and based on Friday's closing price, Europris implicitly pays NOK 190 million for the acquisition.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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