Masonglory swaps 1,377,000 shares for 20% stake in Austria’s Beta Beteiligungs und Besitz GmbH
MSGY•Post-closing ownership
The seller will hold under 5% of Masonglory voting power following closing.
Valuation and business details
The implied valuation for the target is set at USD 23.4 million for 100% equity, based on an independent appraisal.
Beta trades and distributes construction materials in Continental Europe, expanding Masonglory’s geographic footprint and product portfolio.
Share-swap agreement for 20% stake
Masonglory entered a share-swap deal to acquire a 20% stake in Austria’s Beta Beteiligungs und Besitz GmbH.
The consideration is set at 1,377,000 Class A ordinary shares, priced at USD 3.40 per share.
