ÅF AB: No Additional Consideration for the Acquisition of Epsilon
(Thomson Reuters ONE) -
For further information:
Emma Claesson, VP Human Resources & Communications +46 72 209 47 39
Because of a rumor circulating about arbitration proceedings concerning
additional consideration for the acquisition of Epsilon, ÅF hereby issues the
following statement.
The seller Danir has, without specifying the amount, communicated that Danir
intends to initiate arbitration proceedings to obtain additional payment for the
sale of Epsilon to ÅF. ÅF has been and still is of the opinion that Danir's
claims are entirely unfounded. If Danir initiates arbitration proceedings, ÅF
will contest the claims.
Through an agreement of October 2012, ÅF acquired the shares in Epsilon Holding
and its subsidiaries from Danir AB. The shares were paid partly in cash and
partly through a new issue of ÅF shares. The agreement also entitles Danir to an
additional consideration if the results for the year 2014 reached a certain
level or, if this level was not achieved, based on the result for Epsilon in
2012. ÅF has in the beginning of 2015 paid Danir 104 MSEK which is the
additional consideration Danir is entitled to.
Corporate Communication
ÅF AB
The information contained in this press release is such that ÅF is required to
disclose pursuant to the Swedish Financial Instruments Trading Act. The
information was submitted for publication on 28 October 2015.
ÅF is an engineering and consulting company for the energy, industrial and
infrastructure markets, creating progress for our clients since 1895. By
connecting technologies we provide profitable, innovative and sustainable
solutions to shape the future and improve people's lives. Building on our strong
base in Europe, our business and clients are found all over the world.
ÅF - Innovation by experience
Press release (PDF):
http://hugin.info/1253/R/1962179/715599.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ÅF AB via GlobeNewswire
[HUG#1962179]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2015 - 17:46 Uhr
Sprache: Deutsch
News-ID 430181
Anzahl Zeichen: 2619
contact information:
Town:
Stockholm
Kategorie:
Business News
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"ÅF AB: No Additional Consideration for the Acquisition of Epsilon"
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