Online Brands Nordic AB (OM:OBAB) signed a letter of intent to acquire Juvelerare John Victorin i Varberg AB for SEK 7 million on July 13, 2016. Under the terms of the transaction, Online Brands Nordic will issue 0.5 million shares as as part of consideration. Purchase price consists of cash, promissory note and shares of Online Brands Nordic. Online Brands Nordic AB (OM:OBAB) completed the acquisition of Juvelerare John Victorin i Varberg AB on September 1, 2016.