Extract from our Nordic M&A Newsletter

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KID acquires Hemtex AB from ICA-Gruppen
May 15, 2019

Oslo Stock Exchange listed Kid has today entered into a binding SPA with ICA Gruppen AB for 100% of the shares in Hemtex AB. The agreed purchase price is SEK 37.6m, based on an EV of SEK 226m. Hemtex AB operates 141 home textile and interior stores across Sweden, Finland and Estonia. The deal corresponds to an EV / sales multiple of 0.22x.

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