Brief: Beter Bed Holding Enters Negotiations On Sale Of Swedish Activities

Beter Bed Holding NV

28/05/2021 17:10

May 28 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * BETER BED HOLDING UNDERLINES STRATEGIC AMBITIONS WITH
DIVESTMENT
OF SWEDISH ACTIVITIES AND ADJUSTS AND SIMPLIFIES THE BBH
MANAGEMENT STRUCTURE
    * HAS ENTERED INTO A NON-BINDING TERM SHEET WITH LARS LARSEN
GROUP
FOR NEGOTIATIONS FOR SALE OF SÄNGJÄTTEN, BBH'S SWEDISH OPERATION
    * INTENDED SALE OF SÄNGJÄTTEN DOES NOT IMPACT STRATEGIC
AMBITION
TO DOUBLE REVENUES OVER NEXT FIVE YEARS
    * IN 2020, REVENUES FROM SÄNGJÄTTEN, AMOUNTED TO EUR 14.6M
    * ON SALE: PARTIES INTEND TO CONCLUDE TRANSACTION BY 30 JUNE
2021
    * THERE WILL BE NO MORE DIVISIONAL MANAGEMENT TEAMS, CURRENT
GENERAL MANAGER BENELUX, RONALD VOOGT, WILL LEAVE CO PER 30 JUNE

Source text for Eikon:  ID:nGNE7gygQv 
Further company coverage:  BETR.AS 

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