Oboya is an international business group of twenty companies operating in production and sales of products to the horticulture business. Oboya has grown rapidly and the company’s operating income for 2018 amounted to SEK 530 million.
The rights issue of maximum SEK 41.2 million is carried out to strengthen Oboya’s balance sheet and reduce the company’s capital cost. Decreased financial costs will take Oboya one step closer to its long-term goal of achieving a net margin of 5-7 per cent.
Augment is acting financial advisor to Oboya in connection with the transaction.