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Mekonomen acquires the FTZ car dealer in Denmark and Inter-Team in Poland by Hella for a purchase consideration of 395 million euros, or about 4 billion Swedish kroner.
FTZ and Inter-Team achieve a combined business turnover of about 5 203 million Swedish kronor. The acquisition is expected to contribute positively to Mekonomen's earnings per share over the next year and generate significant synergies in the future.
A portion of the purchase price should be financed through a rights issue of approximately 1,650 million euros. the crowns should be finished in the second half of 2018.
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