Brief: Bulten To Sell European Automotive Contract Manufacturing Ops To Maelir AB
10/07/2026 06:15
BRIEF-Bulten To Sell European Automotive Contract Manufacturing Ops To Maelir AB July 10 (Reuters) - Bulten AB BULTEN.ST:
SAID ON THURSDAY HAS ENTERED INTO BINDING AGREEMENT TO DIVEST EUROPEAN AUTOMOTIVE CONTRACT MANUFACTURING OPERATIONS TO MAELIR AB
TOTAL CONSIDERATION PAYABLE TO BULTEN EXPECTED AT ABOUT 273 MSEK
41 MSEK IN CASH AT OR BEFORE COMPLETION, 232 MSEK VIA 3-MONTH VENDOR NOTE
EXPECTS TO RECOGNIZE TOTAL WRITE-DOWN OF ABOUT 1060 MSEK
ENTERPRISE VALUE EXCLUDING LEASING DEBT FOR THE BUSINESS ABOUT 44.5 MEUR (484 MSEK)
DIVESTMENT EXPECTED TO COMPLETE NO LATER THAN OCTOBER 2026
DEAL TO HAVE A POSITIVE EFFECT ON EARNINGS PER SHARE ON A PRO FORMA BASIS
Source text: ID:nMFN85t8R8
Further company coverage: BULTEN.ST
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