Brief: Apetit Agrees To Sell Its Grain Trade Business

Apetit Oyj

23/03/2022 13:03

March 23 (Reuters) - Apetit Oyj  APETIT.HE :
    * APETIT HAS AGREED TO SELL ITS GRAIN TRADE BUSINESS
    * AGREED ACQUISITION PRICE IS ABOUT EUR 4 MILLION ADDED BY
VALUE
OF TRANSFERRING INVENTORY
    * ACQUISITION PRICE IS PAID IN CASH AT TIME OF SALE
    * SALE IS EXPECTED TO TAKE PLACE DURING Q2
    * TRANSACTIONS ARE EXPECTED TO HAVE A POSITIVE EFFECT ON
APETIT
GROUP'S ANNUAL OPERATING PROFIT.
    * APETIT WILL MAKE A NON-RECURRING GAIN OF ABOUT EUR 2
MILLION
AFTER TAX ON SALE

Source text for Eikon:  ID:nWkr1qb5Qw 
Further company coverage:  APETIT.HE 

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