BEWI invites to presentation and Q&A regarding acquisition of Jackon Holding15-10-2021
BEWI invites to presentation and Q&A regarding acquisition of Jackon Holding
With reference to the stock exchange notice issued by BEWI ASA ("BEWI" or the "Company") on 1 October 2021 regarding its offer to acquire all shares in Jackon Holding, and the notice issued earlier today regarding the acceptance of the offer from all shareholders.
BEWI invites to a short presentation and Q&A session about the Jackon transaction on Monday 18 October 2021 at 03:30 pm CEST.
Details about how to participate in the presentation will be made available on the company’s website, www.bewi.com prior to the meeting.
Due to the good industrial fit between the two companies, BEWI expects synergies in the range of at least EUR 12 to 15 million. The synergies are mainly from more efficient transport, logistics and procurement. In addition, the combination of the two companies will broaden the product offering and enable optimisation from implementing best practice across the business units.
Completion of the transaction is subject to satisfactory due diligence, resolution of the BEWI general meeting to issue the consideration shares, and customary closing conditions, including regulatory approvals.
Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.