Edition:
United Kingdom

Asiakastieto Group Says Will Acquire UC For Eur 339.8 Mln


Tuesday, 24 Apr 2018 

April 24 (Reuters) - Asiakastieto Group Plc ::REG-ASIAKASTIETO GROUP PLC AND UC AB HAVE AGREED ON A COMBINATION - THE TWO COMPANIES WILL CREATE A STRONGER FUTURE TOGETHER.SAYS ASIAKASTIETO WILL ACQUIRE UC FOR A TOTAL CONSIDERATION VALUED AT EUR 339.8 MILLION.SAYS COMPLETION OF TRANSACTION IS EXPECTED DURING Q2 OF 2018.SAYS DEAL CONSISTS OF EUR 98.8 MILLION IN CASH AND 8,828,343 NEWLY ISSUED SHARES IN ASIAKASTIETO.ASIAKASTIETO GROUP - CURRENT SHAREHOLDERS OF UC WILL OWN ABOUT 36.9 PERCENT, CURRENT SHAREHOLDERS OF ASIAKASTIETO ABOUT 63.1 PERCENT OF SHARES IN ASIAKASTIETO.ASIAKASTIETO-COMBINATION EXPECTED TO RESULT IN CREATION OF SHAREHOLDER VALUE VIA TARGETED ESTIMATED ANNUAL SYNERGIES OF AT LEAST EUR 17 MILLION. 

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