Brief: Arbonia Buys Serbian Manufacturer Of Ventilation Units

Arbonia AG

30/04/2021 06:05

April 30 (Reuters) - ARBONIA AG  ARBNO.S :
    * ACQUIRES SERBIAN MANUFACTURER OF VENTILATION UNITS
    * HAS SIGNED A PURCHASE AGREEMENT FOR A 100% SHARE IN
TERMOVENT
KOMERC D.O.O. (TERMOVENT)
    * ARBONIA IS TAKING OVER ALL EMPLOYMENT RELATIONSHIPS OF
MANAGEMENT AS WELL AS THOSE OF APPROXIMATELY 190 EMPLOYEES
    * TWO CURRENT MANAGING DIRECTORS OF FAMILY-RUN COMPANY WILL
ALSO
REMAIN AVAILABLE TO HVAC DIVISION
    * SIGNING TOOK PLACE ON 29 APRIL 2021, AND CLOSING IS
PLANNED
IMMEDIATELY AFTER APPROVAL IS GRANTED BY SERBIAN AUTHORITY

Source text for Eikon:  ID:nEQ5XB2Sda 
Further company coverage:  ARBNO.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))