Brief: Footway To Sell Footway+ Platform Business
17/07/2024 06:18
July 17 (Reuters) - Footway Group AB FOOTb.ST :
* SAID ON TUESDAY IT ANNOUNCES DECISION TO SELL FOOTWAY+
WITH
PREFERENTIAL RIGHTS FOR THE COMPANY'S SHAREHOLDERS
* SALE OF THE PLATFORM BUSINESS IS EXPECTED TO IMPROVE THE
COMPANY'S RESULTS BY ABOUT SEK 30 MILLION ON AN YEARLY BASIS DUE
TO REDUCED COSTS
* WILL RECEIVE PURCHASE PRICE OF ABOUT SEK 27 MILLION AND
CURRENT
LIABILITIES WILL BE REDUCED BY ABOUT SEK 30 MILLION
Source text for Workspace: urn:newsml:reuters.com:*:nWkr67QDbQ
Further company coverage: FOOTb.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))