Dagon Sverige Ab completed the acquisition of remaining 88.9% stake in A Group Of Retail Assets Sweden AB (OM:AGORA B) from consortium of sellers.
The transaction is subject to Dagon receiving acceptance for more than 90% of the outstanding shares, and receipt of all necessary governmental clearances, including from competition authorities. The transaction is not subject to any financing conditions. Dagon expects the relevant clearances to be obtained prior to the end of acceptance period. As of October 24, 2018, the deal has been approved by the Swedish Competition Authority. As of November 13, 2018, all the conditions to the deal have been satisfied and the offer became unconditional. The acceptance period is expected to commence on October 12, 2018 and will end on November 9, 2018. The settlement date is around November 16, 2018. As of November 13, 2018, the acceptance period is extended till November 23, 2018.
Swedbank AB and JLL Tenzing Capital Markets acted as financial advisors while Dain Hård Nevonen, Rikard Lindahl, Malte Hedlund, Anna-Karin Alin, Grant McKelvey and Alva Hägglund of Advokatfirman Vinge KB acted as legal advisors to Dagon and Klövern. Pontus Enquist and Erik Persson of Roschier acted as legal advisors to A Group Of Retail Assets Sweden AB.
Dagon Sverige Ab completed the acquisition of remaining 88.9% stake in A Group Of Retail Assets Sweden AB (publ) (OM:AGORA B) from consortium of sellers on November 23, 2018. As of now, Dagon owns approximately 99.55 stake and will acquire the remaining stake via compulsory acquisition. Settlement of tendered shares acquired during the extended acceptance period is expected to take place on or around November 29, 2018.