Brief: Momentum Group Acquires Lindström Group’s PPE Business In Finland

Alligo AB

05/03/2019 12:48

March 5 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES LINDSTRÖM GROUP’S PPE BUSINESS IN
FINLAND
    * ACQUISITION WILL BE CONDUCTED AS A CONVEYANCE OF ASSETS
AND
LIABILITIES.
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE IMPACT
ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING 2019/20 FINANCIAL
YEAR
    * CLOSING IS SCHEDULED TO TAKE PLACE IN BEGINNING OF APRIL
2019.
    * SIGNED AGREEMENT TO ACQUIRE LINDSTRÖM GROUP'S PERSONAL
PROTECTIVE EQUIPMENT (PPE) BUSINESS IN FINLAND
    * MOMENTUM GROUP - ACQUIRED BUSINESS GENERATES ANNUAL
REVENUE OF
APPROXIMATELY MEUR 6.2 WITH HEALTHY PROFITABILITY AND FIVE
EMPLOYEES
    * ACQUISITION WILL BE CONDUCTED AS A CONVEYANCE OF ASSETS
AND
LIABILITIES

Source text for Eikon:  ID:nGNE5gZ7R2 
Further company coverage:  MMGRb.ST 

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