Bergs Timber has signed a letter of intent to acquire Norvik Timber Industries’ operations in the Baltics and the United Kingdom
Bergs Timber AB (publ) (”Bergs Timber”) has today signed a letter of intent (the ”Letter of Intent”) with Bergs Timber’s principal owner, Icelandic Norvik hf (”Norvik”) with respect to the acquisition of a number of companies within Norvik Timber Industries (”NTI” or the ”Target Companies”) with operations in Latvia, Estonia and the United Kingdom.[1] Summary of the intended acquisition · Bergs Timber intends to acquire Norvik Timber Industries’ operations in Latvia, Estonia and the United Kingdom (the “Intended Acquisition”). · The Target Companies demonstrated,