Beijer Ref AB (publ) (OM:BEIJ B) signed an agreement to acquire 70% stake in CONDEX Ltd on April 25, 2023. The agreement also comes with an option to acquire the remaining shares. CONDEX has an annual turnover of approximately SEK 350 million. The parties have signed a binding agreement, after which the competition authority in Bulgaria will now review the transaction. The takeover is estimated to take place during the summer of 2023. The acquisition is expected to have a minor positive impact on the Beijer Ref's results and position.

Beijer Ref AB (publ) (OM:BEIJ B) completed the acquisition of 70% stake in CONDEX Ltd on August 1, 2023.