Bittium Oyj logo

BITTI - Bittium Oyj News Story

€6.74 -0.1  -0.9%

Last Trade - 07/05/21

Small Cap
Market Cap £209.5m
Enterprise Value £207.6m
Revenue £68.2m
Position in Universe 704th / 1838

BRIEF-Elektrobit EGM approves sale of Automotive Business to Continental AG

Thu 11th June, 2015 12:15pm
June 11 (Reuters) - Elektrobit Oyj  EBC1V.HE :  
    * Says Extraordinary General Meeting of Elektrobit 
Corporation approved the sale of the Automotive Business to 
Continental AG  CONG.DE  and resolved to change the name of the 
company to Bittium Corporation 
    * Says purchase price for acquisition is 600 million euros 
($675.90 million) 
    * New name of company will be Bittium Oyj, in English 
Bittium Corporation 
    * Says rights to name Elektrobit will transfer to 
    * Sale of automotive business is expected to close at 
beginning of July 2015 
Source text for Eikon:  ID:nHUG7jcskJ  
Further company coverage:  EBC1V.HE  
($1 = 0.8877 euros) 
 (Gdynia Newsroom) 
 ((; +48586983920;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.