Scandinavian House Development SA (“SHSA” or the “Company”) in close coordination with mainowner of SHSA has signed a framework agreement to acquire 50 percent of Sustainable Lifestyle Scandinavia AB, Stockholm (SLS) subject to final due diligence and evaluation. Contribution for this acquisition will be handled in shares of SHSA. Part of this investment will be a long-term financing plan for the projected merged operations and will be worked out during the first quarter 2016. In a further step, SHSA intends to spin-off part of this investment by preparing a going public of SLS probably until end of 2016 on a Scandinavian or continental European Stock Exchange. All parties agreed to disclose details in this respect after in-depth evaluation and third party estimation.
Sustainable Lifestyle Scandinavia AB, www.sustainlife.se, is a dynamic project and housing development company of ecological independent energy houses for residential and industrial projects from single houses to entire communities. These ecological housing types fit perfectly into the existing range of Scandinavian Houses´genuine business and broadens SHSA´s future product variety and creativity greatly. Based on current negotiations SLS expects a total Project-value for the year 2016 of approximately EUR 400 Million. At present Sustainable Lifestyle Scandinavia AB is active in China, Scandinavia and Europe as well as Latin America. By finalizing this acquisition, Scandinavian House expects a substantial increase in business opportunities both in ecological housing variety and global marketing and sales.
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
Symbol : MLSHD
Disclaimer; Forward-Looking Statements:
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