CDON AB (OM:CDON) acquired 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately 0.18 million.
CDON AB (OM:CDON) acquired 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately 0.18 million on December 29, 2021. In a related transaction, CDON AB (OM:CDON) acquired 56% stake in Xales Tech Lab Oy from Ostro 17 Oy and Virta Growth Partners Oy for approximately 0.4 million on December 29, 2021. The purchase price for the shares in Commerce8 comprises an upfront cash payment amounting to approximately 0.18 million and an additional conditional deferred payment component, linked to Commerce8s EBIT for the financial years 2022 and 2023. CDON has been granted a call option to acquire the remaining shares from two remaining minority shareholders at a pre-determined EBIT-linked multiple in approximately 3.5 years.
CDON AB (OM:CDON) completed the acquisition of 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately 0.18 million on December 29, 2021.