Wirtek purchases own shares from the Board of Directors as part of the CoreBuild acquisition
Company Announcement no. 11/2021
Wirtek has signed a binding agreement to acquire the assets of the CoreBuild companies (Company announcement 06/2021).
The payment for the acquisitions is to be done as a fixed payment and an earn-out payment. Both the fixed payment and the earn-out payment are subdivided into a cash-part and a share-partCash paymentThe initial fixed cash payment will be done using Wirtek’s available cash positions and the cash payment related to the earn-out agreement will be done with the cash generated through Wirtek’s ordinary positive cash flow.
Share payment