Brief: Tangiamo Touch Technology Pauses Cooperation With CMS Group In Russia

36 AB

27/04/2022 10:24

April 27 (Reuters) - Tangiamo Touch Technology AB
 TANGI.ST :
    * SAID ON TUESDAY PAUSES COOPERATION WITH DISTRIBUTOR CMS
GROUP IN
RUSSIA INDEFINITELY
    * IN CONNECTION WITH THE DECISION, THERE WILL BE A CUSTOMER
LOSS
OF ABOUT SEK 0.9 MILLION IN FY 2021
    * CMS GROUP SAID THEY WILL BE HAPPY TO CONTINUE AS A
DISTRIBUTOR
IN RUSSIA WHEN THE SANCTIONS ARE RELEASED
    * THE COMPANY HAS INITIATED A DIALOGUE WITH OTHER
DISTRIBUTORS FOR
REGIONS OUTSIDE RUSSIA 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr6t4KK9
 Further company coverage:  TANGI.ST  

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