Bittium Oyj logo

BITTI - Bittium Oyj News Story

€6.74 -0.1  -0.9%

Last Trade - 07/05/21

Sector
Technology
Size
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 
Continental 
    * 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) 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;))
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