Brief: Aspo: Unit Telko To Divest Its Russian Operations

Aspo Oyj

17/10/2022 06:27

Oct 17 (Reuters) - Aspo Oyj  ASPO.HE :
    * REG-ASPO’S SUBSIDIARY TELKO TO DIVEST ITS RUSSIAN
OPERATIONS
    * ESTIMATES THAT IT WILL RECOGNIZE A TOTAL EXPENSE OF
APPROXIMATELY EUR 9 MILLION
    * RIGHTS TO TELKO'S NAME AND TRADEMARKS ARE NOT INCLUDED IN
SALE
    * PURCHASE PRICE IS APPROXIMATELY EUR 9.5 MILLION
    * BASED ON CURRENT EXCHANGE RATE OF RUSSIAN RUBLE,
APPROXIMATELY
EUR 3 MILLION WOULD BE RECOGNIZED AS AN EXPENSE DUE TO
TRANSLATION DIFFERENCES
    * WILL SELL SHARE CAPITAL OF ITS RUSSIAN SUBSIDIARY TELKO
OOO TO
RUSSIAN INDUSTRIAL OPERATOR GK HIMIK

Source text for Eikon:  ID:nGNE3qLCfV 
Further company coverage:  ASPO.HE 
 (Gdansk Newsroom)
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