Bilia AB (OM:BILI A) acquired 50.1% stake in Bil1Din As.
June 31, 2022
Share
Bilia AB (publ) (OM:BILI A) reached an agreement to acquire 50.1% stake in Bil1Din As for NOK 30 million on May 5, 2022. Bilia has committed to buy another 39.9 per cent of the shares in Bil1Din Holding AS until the year 2032, from the current owners. The current three owners will continue to work in the business. For the year ended on December 31, 2021 Bil1Din As reported turnover of NOK 52.31 million (SEK 55 million). Access is expected to take place no later than June 1, 2022.
Bilia AB (publ) (OM:BILI A) acquired 50.1% stake in Bil1Din As for NOK 30 million on June 1, 2022.
Bilia AB is a Sweden-based company active in the automotive industry. Bilia is one of Europeâs full-service suppliers, for everything related to car ownership, with a position within service and sales of cars, transport vehicles and trucks. It is engaged in the sales and servicing of passenger cars and transport vehicles, as well as in the provision of related services. The Companyâs operations are divided into three business areas. The Service business area includes workshop services, spare parts and accessories. The Service Business is the main contributor to profit with approximately 60 percent of operational earnings. The Car business area includes sales of new and used cars and customer financing. The Fuel business area includes sales of fuels in Sweden. Bilia has about 160 facilities in Sweden, Norway, Luxembourg and Belgium. In addition, Bilia has an auction site in Sweden. The Company sells cars made by Volvo, BMW, Ford, Renault, Hyundai, Mini, Dacia and Toyota.