Brief: Boreo Divests Its Operations In Russia

Boreo Oyj

09/08/2022 19:34

Aug 9 (Reuters) - Boreo Oyj  BOREO.HE :
    * BOREO DIVESTS ITS OPERATIONS IN RUSSIA
    * BOREO- CO SOLD 90% SHAREHOLDING IN ELECTRONIC COMPONENT
DISTRIBUTION BUSINESS IN RUSSIA ("YE RUSSIA")
    * THE IMPAIRMENT DOES NOT HAVE AN IMPACT ON OPERATIONAL EBIT
OF
BOREO’S CONTINUED OPERATIONS NOR THE OUTLOOK OF OTHER BOREO
COMPANIES
    * TRANSACTION HAS BEEN EXECUTED ON AUGUST 9, 2022; TOTAL
VALUE OF
TRANSACTION IS NOT DISCLOSED
    * SOLD ITS 90% SHAREHOLDING IN YE RUSSIA TO COMPANIES
CONTROLLED
BY MR. YRJÖ PÖNNI, CURRENT GENERAL DIRECTOR AND 10% SHAREHOLDER
OF YE RUSSIA

Source text for Eikon:  ID:nGNE7Mh8Tx 
Further company coverage:  BOREO.HE 

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