Brief: Hochdorf Holding Parts Company With Hochdorf Baltic Milk UAB

Centiel AG

19/06/2018 17:04

June 19 (Reuters) - HOCHDORF HOLDING AG  HOCN.S :
    * HOCHDORF GROUP IS PARTING COMPANY WITH HOCHDORF BALTIC
MILK UAB
    * MILK PROTEIN PLANT IN MEDEIKIAI (LITHUANIA) IS BEING TAKEN
OVER
BY AN INVESTMENT GROUP
    * SALE WILL TAKE PLACE RETROACTIVELY TO END OF MAY
    * THIS TRANSACTION INVOLVES AN EBIT LIABILITY OF AROUND CHF
3.2
MILLION AND A TOTAL OF AROUND CHF 6.2 MILLION NET PROFITS
    * CONTRACT PARTNERS HAVE AGREED NOT TO DISCLOSE ACQUISITION
PRICE

Source text for Eikon:  ID:nPexvN6zva 
Further company coverage:  HOCN.S 

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