The offer is conditional on, among other things, that all regulatory, state or similar approvals, permits, decisions and other measures required by authorities or the like, including approvals from competition authorities, required for the offer and implementation of the acquisition of Magnolia Bostad, have been obtained on terms acceptable to FHH.
In connection with the submission of the offer, Holmströmgruppen and Areim have made a notification of a company concentration in accordance with ch. Section 6 of the Competition Act to the Swedish Competition Authority. On 27 July 2021, the Swedish Competition Authority decided to leave the concentration without action. The above condition is thus fulfilled.
The acceptance period for the offer runs until 18 August 2021 and settlement of payment is expected to begin around 25 August 2021.
Fredrik Holmström.
Image: Holmströmgruppen
The Swedish Competition Authority approves the acquisition of Magnolia Bostad
Sweden —
On July 7, Holmströmgruppen and Areim announced a recommended cash offer to the shareholders in Magnolia Bostad to transfer all their shares in Magnolia Bostad to F Holmström Holding 6 AB for a consideration of SEK 76 per share.
2021-07-30
Victor Friberg
[email protected]