THQ Nordic AB ser. B
THQ Nordic AB: THQ Nordic completes the acquisition of Milestone
THQ Nordic ABs indirectly wholly owned subsidiary Koch Media GmbH has
today entered into an agreement to acquire Milestone s.r.l., which
was announced earlier today through a press release, for a upfront
purchase price equivalent to 44.9 MEUR on a cash and debt free basis.
All conditions for the transaction have now been fulfilled and the
transaction is thereby completed.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA,
CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
The upfront purchase price of 55.8 MEUR, corresponding to an
Enterprise Value of 44.9 MEUR on a cash and debt free basis has today
been paid through a cash payment of 44.3 MEUR to the seller and
1,267,323 B shares, corresponding to a value of 26.5 MEUR, have been
issued, subscribed for and allotted to the seller.
Milestone s.r.l. will be consolidated into THQ Nordics financial
statements as of today.
For further information on the transaction, reference is made to the
press release announced earlier today.
EY is providing transaction support and Baker McKenzie is acting as
legal counsel to THQ Nordic in connection with the transaction.
For additional information, please contact:
Lars Wingefors, Group CEO
Tel: +46 708 47 19 78
About THQ Nordic
THQ Nordic develops and publishes PC and console games for the global
games market. The company has an extensive catalogue of over 100
owned franchises, such as Saints Row, Goat Simulator, Dead Island,
Darksiders, Metro (license), MX vs ATV, Kingdom Come: Deliverance,
Time Splitters, Satisfactory, Wreckfest amongst many others.
The Group has its head office in Karlstad, Sweden and a global
presence through its three operative groups, Deep Silver/Koch Media,
THQ Nordic GmbH and Coffee Stain. The Group has 18 internal game
development studios and close to 2,500 employees and contracted
developers in more than 40 countries.
THQ Nordics shares are publicly listed on Nasdaq First North
Stockholm under the ticker THQN B with FNCA Sweden AB as its
Certified Adviser, reachable via firstname.lastname@example.org or phone: +46 8-528 00
For more information, please visit:
This information is information that THQ Nordic is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out above, at 11.30 a.m. CET on August 14, 2019.