Brief: Beijer Alma Divests Habia Cable

Beijer Alma AB

06/07/2022 08:52

July 6 (Reuters) - Beijer Alma  BEIAb.ST :
    * SAID ON TUESDAY ENTERED INTO AGREEMENT TO DIVEST HABIA
CABLE TO
HEW-KABEL HOLDING GMBH, INTERNATIONAL MANUFACTURER OF SPECIALTY
CABLES HEADQUARTERED IN GERMANY, AND ITS SHAREHOLDER ANDLINGER
AND COMPANY
    * TRANSACTION WILL BE PAID IN CASH AND VALUES HABIA CABLE AT
APPROXIMATELY SEK 910 MILLION ON CASH AND DEBT FREE BASIS
    * DIVESTMENT IS RESULT OF STRATEGIC REVIEW INITIATED IN FEB
2022
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q3 2022

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN1RP26F
 Further company coverage:  BEIAb.ST  

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