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Stillfront buys Jawaker for USD 205 Million in Cash and Shares; to Issue New Shares for SEK 1 Billion

(PLX AI) – Stillfront Group acquires Jawaker and continues expansion in the MENA region and intends to raise new financing.Stillfront Group acquires Jawaker for USD 205 million on a cash and debt free basisStillfront says 74 percent is payable in …

  • (PLX AI) – Stillfront Group acquires Jawaker and continues expansion in the MENA region and intends to raise new financing.
  • Stillfront Group acquires Jawaker for USD 205 million on a cash and debt free basis
  • Stillfront says 74 percent is payable in cash, and 26 percent is payable in 8,540,092 newly issued shares in Stillfront
  • Stillfront says Jawaker is expected to generate 2021 revenue of approximately SEK 270-310 million, with approximately SEK 180-210 million in adjusted EBIT
  • To finance a part of the Transaction, Stillfront’s Board of Directors has decided to raise additional equity through a directed share issue of SEK 1,000 million


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Autor: PLX AI
08.09.2021, 17:33  |  3222   |   |   

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Stillfront buys Jawaker for USD 205 Million in Cash and Shares; to Issue New Shares for SEK 1 Billion (PLX AI) – Stillfront Group acquires Jawaker and continues expansion in the MENA region and intends to raise new financing.Stillfront Group acquires Jawaker for USD 205 million on a cash and debt free basisStillfront says 74 percent is payable in …

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