Brief: Bjorn Borg relocates sportswear operations to Stockholm

Bjorn Borg AB

08/12/2014 07:30

Dec 8 (Reuters) - Bjorn Borg AB  BORG.ST  
    * Björn Borg relocates sportswear operations to Stockholm 
    * Bjorn Borg AB (publ) has acquired the shares of Baseline 
B.V. in the subsidiary Bjorn Borg Sport B.V. 
    * The shares acquired from Baseline represent 49.58% of 
total shares in Björn Borg Sport 
    * After the acquisition Björn Borg will hold 99.63% of 
outstanding shares in the company 
    * Estimate is that the total purchase price payable for the 
shares will not exceed 700 KEUR 
    * Says wind down of operations in Bjorn Borg sport in 
Netherlands will entail some one-time cost implications that 
will mainly be taken in Q4 2014, estimated to not exceed 750 
keur 
    * Says the sportswear operations are financially anticipated 
to be able to contribute positively to björn borg group already 
in 2015 
 
Source text for Eikon:  ID:nWkrlh0703  
Further company coverage:  BORG.ST  
 
 ((johannes.hellstrom@thomsonreuters.com;)) 
 
Keywords: BJORNBORGAB/BRIEF