Brief: Aak Divests Its North American Foodservice Site

AAK AB (publ)

23/10/2024 16:05

Oct 23 (Reuters) - AAK AB (publ)  AAK.ST :
    * DIVESTS ITS NORTH AMERICAN FOODSERVICE SITE AND FOCUS ON
EUROPEAN EXPANSION
    * TRANSACTION TO GENERATE SEK 600 MILLION POSITIVE CASH FLOW
    * TO INVEST SEK 400 MILLION IN EUROPEAN FOODSERVICE
EXPANSION
    * SIGNS BINDING AGREEMENT WITH STRATAS FOODS, CLOSING
EXPECTED BY
YEAR-END
    * DIVESTMENT TO INCREASE OPERATING PROFIT PER KILO BY 4%
    * TO INVEST IN NEW SITE TO REPLACE DALBY FACILITY

Source text for Eikon:  ID:nMFNhb1T7 
Further company coverage:  AAK.ST 

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