SWEDEN: Intentia issues new shares, to fund acquisition
Swedish giant Intentia International AB announced yesterday [Thursday] that with support of the approval of the shareholders' general meeting, it has issued 500,000 new shares. The move will increase the company's capital stock by SKr5m (US$0.5m). The purpose of the new issue, said the Stockholm-based company, is to finance the final payment related to the purchase of the remaining 49% of Intentia Switzerland.
Swedish giant Intentia International AB announced yesterday [Thursday] that with support of the approval of the shareholders’ general meeting, it has issued 500,000 new shares.
The move will increase the company’s capital stock by SKr5m (US$0.5m).
The purpose of the new issue, said the Stockholm-based company, is to finance the final payment related to the purchase of the remaining 49% of Intentia Switzerland.
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