Brief: AAK Acquires 75% Of Russian Long-Term Partner Margaron

AAK AB (publ)

02/03/2020 14:17

March 2 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK ACQUIRES 75 PERCENT OF RUSSIAN LONG-TERM PARTNER
MARGARON
    * ACQUISITION-RELATED COSTS WILL BE CHARGED TO Q1 2020
    * ACQUISITION, WHICH IS SUBJECT TO APPROVAL FROM LOCAL
AUTHORITIES, IS EXPECTED TO BE FINALIZED DURING Q2 2020 AND HAS
NO SIGNIFICANT IMPACT ON AAK'S EARNINGS.
    * SUBJECT TO CERTAIN LONG-TERM TARGETS BEING MET, THERE IS
PUT/CALL OPTION UNDER WHICH AAK COULD ACQUIRE REMAINING 25% OF
MARGARON

Source text for Eikon:  ID:nWkr48hWKm 
Further company coverage:  AAK.ST 

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