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Harvey Nash Group plc Announces Exercise Of Option To Acquire Remaining 49.9% Of Issued Share Capital of Bjerke & Luther AS

Tuesday, 30 Apr 2013 02:02am EDT 

Harvey Nash Group plc announced that on April 29, 2013, the Company acquired 51.1% of the issued share capital of Bjerke & Luther AS, one of Norway's executive search, assessment and technical recruitment companies, from SAY AS, Rich Luther AS, Mr. Tor Egil Ruud and Mr. Stephan Juhl Nielsen (the Sellers). The Company has also exercised its option to acquire the remaining 49.9% of issued share capital of Bjerke & Luther AS for an aggregate consideration of NOK 11.5 million (approximately £1.3 million), payable in cash to the Sellers on closing. The consideration will be funded from the Company's existing cash resources and facilities as appropriate. Bjerke & Luther AS provides services to technology and telecoms companies based mainly in Norway and its portfolio of services and client sector profile are complementary to the Group's European business. 

Company Quote

2.0 +1.96%
19 Aug 2014