Balco Group acquires Riikku Group Oy and carries out a small targeted share issue
Balco Group AB has today entered into an agreement on and completed the acquisition of all shares in Riikku Group Oy, one of Finland's leading companies in balcony glazing. Access has taken place today. The purchase price is paid partly in cash, partly through a directed new issue of shares in Balco Group to the sellers of Riikku Group Oy. The acquisition, which is the largest Balco Group has completed to date, will be consolidated from 1 January 2024 and is expected to contribute positively to earnings per share during the full year 2024.Through the acquisition, Balco Group establishes a