Empir Group AB (publ) (OM:EMPIR B) entered into an agreement to acquire 50% stake in mySafety Försäkringar AB from Litorina Capital Advisors AB as well as a number of current and former senior executives on January 13, 2023. Under the terms of the consideration, The purchase price for the shares in mySafety that ESSNSS is to acquire amounts to SEK 40 million, of which SEK 15 million will be paid in cash and SEK 25 million will be paid in sales chargebacks that bear an interest rate of 5 percent per year. The loan, together with accrued interest, must be amortized on four occasions and be finally repaid on December 31, 2024. The acquisition is expected to be completed early next week. In connection with Empir's subscription of shares in ESSNSS, Empir has taken out a loan of SEK 5 million from Pronator Invest AB, organization number 559025-2879. The loan carries an interest rate of 12 percent per year and must be repaid no later than February 23, 2023. The other SEK 10 million has been financed with own funds. The remaining 50 percent of the shares in ESSNSS are held by a number of current and former senior executives in the mySafety group. Empir's subscription of shares in ESSNSS was completed as of today.

Empir Group AB (publ) (OM:EMPIR B) completed the acquisition of a 50% stake in mySafety Försäkringar AB from Litorina Capital Advisors AB as well as a number of current and former senior executives on January 16, 2023.