Nordic Business Report-June 21, 2006-Technopolis Plc signs contract for acquisition of Jyvaskyla Science Park
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Finnish high-tech real-estate company Technopolis Plc said on Wednesday (21 June) that it has signed a contract to acquire a majority holding in Jyvaskyla Science Park. The agreement was signed with the City of Jyvaskyla and certain minority shareholders.
Upon closing the deal Technopolis will own 81.3% of Jyvaskyla Science Park's shares. The remaining shares will be owned by 29 shareholders, the company said.
The transaction price to be paid will be approximately EUR14.7m. Half of the price will be paid in cash and half in Technopolis Plc shares.
In order to pay a consideration for the shares the Technopolis board of directors has decided to increase the company's share capital by a maximum of EUR3.38m.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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