Brief: Altia And Arcus To Join Forces To Form A Leading Wine And Spirits Brand House
29/09/2020 06:37
Sept 29 (Reuters) - Altia Oyj ALTIA.HE :
* ALTIA AND ARCUS TO JOIN FORCES TO FORM A LEADING WINE AND SPIRITS BRAND HOUSE
* ALTIA OYJ - COMBINED COMPANY'S PRELIMINARY AGGREGATED ANNUAL REVENUE IS EUR 640 MILLION IN
2019
* ALTIA OYJ - ANORA EMPLOYS APPROXIMATELY 1,100 PROFESSIONALS AROUND NORDICS AND BALTICS.
* ALTIA OYJ - COMBINED COMPANY TO BE NAMED ANORA GROUP PLC.
* ALTIA OYJ - SAYS ANORA IS WELL POSITIONED FOR STRONGER INTERNATIONAL EXPANSION.
* ALTIA OYJ - SHAREHOLDERS OF ARCUS WILL RECEIVE 0.4618 NEW SHARES IN ALTIA FOR EACH SHARE
IN
ARCUS OWNED BY THEM,
* ALTIA OYJ - PROPOSES TO PAY AN EXTRA DIVIDEND IN TOTAL AMOUNT OF APPROXIMATELY EUR 14.5
MILLION
* ALTIA OYJ - IT IS EXPECTED THAT COMPLETION OF MERGER WILL TAKE PLACE DURING FIRST HALF OF
2021
* ALTIA OYJ -
* ALTIA OYJ - DIVIDEND CORRESPONDING TO EUR 0.40 PER SHARE TO ALTIA'S SHAREHOLDERS BEFORE
COMPLETION OF MERGER
* ALTIA OYJ - COMPANIES EXPECT THAT MOST OF SYNERGIES WILL BE ACHIEVED WITHIN APPROXIMATELY
TWO
YEARS FROM COMPLETION OF MERGER
* ALTIA OYJ - COMBINATION IS ALSO EXPECTED TO CREATE LONG-TERM POSITIVE EFFECTS THAT WILL
CONTINUE
TO MATERIALISE EVEN AFTER THIS PERIOD.
* ALTIA OYJ - EXTRA DIVIDEND WILL BE IN ADDITION TO DIVIDEND IN TOTAL AMOUNT OF
APPROXIMATELY EUR
7.6 MILLION
* ALTIA OYJ - COMBINED COMPANY TO BE NAMED ANORA GROUP PLC
* ALTIA OYJ - POTENTIAL ANNUAL EBITDA NET SYNERGIES OF EUR 8-10 MILLION IDENTIFIED.
* ALTIA OYJ - EGMS ARE CURRENTLY EXPECTED TO BE HELD IN NOVEMBER 2020
* ALTIA OYJ - ANORA TEMPORARY SECONDARY LISTING OF SHARES WILL BE SOUGHT ON OSLO BØRS
* ALTIA OYJ - AS A CONSEQUENCE OF COMPLETION OF MERGER, ARCUS WILL DISSOLVE
* ALTIA OYJ - COMBINATION OF ALTIA AND ARCUS WILL BE EXECUTED THROUGH A TAX NEUTRAL
STATUTORY
CROSS-BORDER ABSORPTION MERGER OF ARCUS INTO ALTIA
Source text for Eikon: ID:nWkr4CF3cB
Further company coverage: ALTIA.HE
(Gdansk Newsroom)
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