203 Web Group acquires Spanish online wine store

Following information was previously published in Swedish. This is a translation of already presented information.

203 Web Group has today agreed to acquire the Spanish wine store Bodegashop.com. The store is a reseller for one of the biggest beverage wholesalers in Spain, offering a product range of over 8,000 items with a distribution license spanning the entire EU. The website will be run under the portfolio company 203 Brands and maintain its existing business in Barcelona.

“Over the years we’ve managed to attain a strong position in the food segment in Europe, which creates good opportunities for synergies with our new acquisition. This is a good example of how we in the Group are working to turn the traffic we’ve built up into revenues,” says 203 Brands’ CEO Martin Lilliestierna.

The purchase sum consists of 363,637 newly issued shares in 203 Web Group, SEK 2 million in cash funds, and an additional purchase sum of SEK 1 million, provided that the targets set are met.

Martin Lilliestierna
martin.lilliestierna@203brands.se
+46 723 887 380

About 203 Web Group AB (publ)
203 Web Group is a publicly traded Swedish media group operating sites in 50 countries. Read more about 203 Web Group here.

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