Brief: Nobia Divests Ewe In Austria For EUR 24 Mln

Nobia AB

19/02/2024 09:51

Feb 19 (Reuters) - Nobia AB  NOBI.ST :
    * CONTINUES ITS REFOCUS ON CORE MARKETS - DIVESTS EWE IN
AUSTRIA
    * HAS ENTERED INTO AN AGREEMENT TO DIVEST ITS SUBSIDIARY
EWE, A
LEADING KITCHEN SUPPLIER IN AUSTRIA, TO A BUYER CONSORTIUM
    * CONSORTIUM LED BY ILAG (INDUSTRIELIEGENSCHAFTENVERWALTUNG
AG)
AND INCLUDING FMMS (FRANZ MAYR-MELNHOF SAURAU HOLDING GMBH) AND
MANAGEMENT TEAM. ILAG AND FMMS ARE TWO AUSTRIAN INVESTORS
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING MARCH 2024
AND IS
SUBJECT TO CUSTOMARY REGULATORY APPROVALS BY AUTHORITIES AND
CLOSING PROCEDURES
    * TRANSACTION WILL RESULT IN NEGATIVE NON-CASH EFFECT OF
ABOUT SEK
-40 MILLION, PRIMARILY RELATED TO GOODWILL, IN NOBIA'S INTERIM
REPORT FOR Q1 OF 2024
    * PURCHASE PRICE AMOUNTS TO EUR 24 MILLION (SEK 275 MILLION)

Source text for Eikon:  ID:nWkr2kxkjR 
Further company coverage:  NOBI.ST 

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