Brief: Apetit to sell its seafood business to Insula

Apetit Oyj

29/06/2017 07:50

June 29 (Reuters) - APETIT OYJ  APETIT.HE  
    * APETIT TO SELL ITS SEAFOOD BUSINESS TO INSULA AS 
    * SIGNED AN AGREEMENT TO SELL ITS SEAFOOD BUSINESS IN 
FINLAND, NORWAY AND SWEDEN TO NORWEGIAN SEAFOOD GROUP INSULA 
AS. 
    * PARTIES WILL NOT DISCLOSE TOTAL TRANSACTION PRICE 
    * IN FINLAND, APETIT WILL REMAIN A MINORITY SHAREHOLDER OF 
SEAFOOD BUSINESS, WITH A HOLDING OF LESS THAN 20 PER CENT. 
    * TRANSACTION IS NOT ESTIMATED TO HAVE A SIGNIFICANT EFFECT 
ON APETIT GROUP'S FULL YEAR OPERATIONAL EBIT 
    * AGREEMENT IS STRUCTURED AS A BUSINESS TRANSFER IN FINLAND 
AND A SHARE TRANSACTION OF MARITIM FOOD GROUP IN NORWAY AND 
SWEDEN 
    * WILL REPORT SEAFOOD SEGMENT AS A DISCONTINUED OPERATION. 
    * FINANCIAL OUTLOOK FOR 2017 REMAINS UNCHANGED 
 
Source text for Eikon:  ID:nHSU6Zk3  
Further company coverage:  APETIT.HE  
 
 (Gdynia Newsroom) 
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