Balco Group AB (OM:BALCO) acquired 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024. Suomen ohutlevyasennus had a turnover of just over ?11 million in 2023. The agreed purchase price is financed partly with own cash and partly with newly issued shares to Suomen ohutlevyasennus? former owner. Balco Group has an option to buy the remaining 40% of the shares. Balco Group has decided on a directed new issue of a total of 383,480 shares in the company to the sellers of Suomen ohutlevyasennus Oy with payment by offsetting the reverse issued by Balco Group to the sellers. Suomen ohutlevyasennus will continue to be run by co-owners Jukka Stam and Mikko Jokinen. Krogerus Attorneys Ltd. led by Jan Johanson acted as legal advisor to Balco Group AB for this acquisition.

Balco Group AB (OM:BALCO) completed the acquisition of 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024.