Brief: Momentum Group Acquires ETAB Industriautomation

Alligo AB

03/05/2019 07:14

May 3 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES ETAB INDUSTRIAUTOMATION AB
    * MOMENTUM INDUSTRIAL AB, A SUBSIDIARY IN MOMENTUM GROUP,
SIGNED
AN AGREEMENT TODAY TO ACQUIRE 70 PERCENT OF SHARES IN ETAB
INDUSTRIAUTOMATION AB ("ETAB")
    * CLOSING IS SCHEDULED TO TAKE PLACE IN EARLY JUNE 2019.
    * ACQUISITION IS EXPECTED TO HAVE A MARGINALLY POSITIVE
EFFECT ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR.

Source text for Eikon:  ID:nGNEc90tC6 
Further company coverage:  MMGRb.ST 

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