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Ekornes acquires furniture producer IMG


Monday, 4 Aug 2014 02:49am EDT 

Ekornes ASA:Says has entered into an agreement to purchase the furniture producer IMG.Says the transaction is a combination of purchase of shares and assets.Says will acquire IMG at an agreed consideration close to 400 million Norwegian crowns.Says will also pay additional consideration over three years of up to 150 million crowns, based on certain conditions.Says closing of the agreement is expected to be completed on or around Oct. 31.IMG produces seating furniture based on Norwegian design. 

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