*

Hitt og þetta 19. september 2006

Oyj Leo Longlife Plc to acquire Tiimari Oyj

Nordic Business Report-September 19, 2006-Oyj Leo Longlife Plc to acquire Tiimari Oyj
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish industrial business and product marketing company Oyj Leo Longlife Plc said on Tuesday (19 September) that it had signed an agreement to acquire Maritii Oy, the parent company of the gift and hobby shop chain Tiimari Oyj.

The sellers are funds managed by the Finnish private equity company CapMan Plc as well as individual investors.

The total consideration for the share capital is some EUR21m and the total transaction, including assumed debt, is valued at some EUR61m.

After the acquisition Leo Longlife will assume the Tiimari name, the company said.

Maritii Oy's comparable turnover for 2006 is expected to reach some EUR70m and operating profit (EBITDA) is forecast to exceed EUR8.0m.

One euro (EUR) is worth approximately 0.67 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))

25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.

Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is