ASSA ABLOY to acquire majority stake in agta record
ASSA ABLOY has, as a 39 percent shareholder in the Swiss company agta record ag (“agta record” or the “Company”), signed an agreement with the shareholders of Agta Finance to indirectly acquire their 54 percent shareholding in agta record (the “Acquisition”). The purchase price for the Acquisition amounts to approximately EUR 502 million equivalent to a purchase price per agta record share of EUR 70.
After the completion of the Acquisition, which is conditional upon EU antitrust authorities approval in particular, ASSA ABLOY will own approximately 93 percent of the share capital and