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Venue Retail Group AB Acquires Deco Bags AB


Tuesday, 27 Aug 2013 02:30am EDT 

Venue Retail Group AB announced that it has decided to acquire the Swedish store chain Deco Bags AB with 27 stores in Sweden. The purchase price is estimated at SEK 54 million but may increase or decrease depending on the outcome of agreed reconciliations after the closing date. The acquisition is funded through an acquisition loan from Nordea. The acquisition, which is conditional on a sufficient number of Deco Bags store locations being converted to Venue Retail Group concept, is expected to be completed in October 2013. 

Company Quote

20.0
-0.5 -2.44%
27 Aug 2014