Brief: Aspo's Unit Acquires Kobia

Aspo Oyj

30/05/2022 15:46

May 30 (Reuters) - Aspo Plc  ASPO.HE :
    * SUBSIDIARY LEIPURIN ACQUIRES KOBIA AB AND STRENGTHENS ITS
POSITION IN THE WESTERN MARKET IN ACCORDANCE WITH ASPO’S
STRATEGY
    * SUBSIDIARY LEIPURIN HAS AGREED TO PURCHASE ENTIRE SHARE
CAPITAL
OF SWEDISH BAKERY INDUSTRY DISTRIBUTOR KOBIA AB FROM SWEDISH
ABDON GROUP
    * KOBIA'S NET SALES AMOUNTED TO APPROXIMATELY EUR 50 MILLION
AND
ITS OPERATING PROFIT MARGIN WAS APPROXIMATELY 3%
    * ACQUISITION PRICE IS NOT DISCLOSED
    * ACQUISITION IS SUBJECT TO APPROVAL FROM SWEDISH
COMPETITION
AUTHORITY. TRANSACTION IS EXPECTED TO CLOSE BY END OF AUGUST
    * TRANSACTION ALSO INCLUDES PROPERTIES OWNED BY KOBIA, AND
ACQUISITION WILL NOT GENERATE SIGNIFICANT GOODWILL

Source text for Eikon:  ID:nGNE1zzZz0 
Further company coverage:  ASPO.HE 

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