Brief: LMK Group In Agreement To Buy Customer Relationships Of Mealkit Competitor In Denmark

Cheffelo AB (publ)

21/04/2023 06:48

April 21 (Reuters) - LMK Group AB (publ)  LMKG.ST :
    * LMK GROUP, THROUGH ITS DANISH BRAND RETNEMT, ENTERS INTO
AN
AGREEMENT TO ACQUIRE CUSTOMER RELATIONSHIPS OF A MEALKIT
COMPETITOR IN DENMARK
    * AGREEMENT INCLUDES TRANSFER OF APPROXIMATELY 3,000
CUSTOMER
RELATIONSHIPS FOR A CONSIDERATION OF UP TO SEK 2.6M
    * MIGRATION OF CUSTOMERS TO RETNEMT BRAND WILL START APRIL
21ST
    * TRANSACTION IS EXPECTED TO HAVE A MODEST CONTRIBUTION TO
NET
EARNINGS FROM Q3 THIS YEAR
    * TARGET TO RETAIN UP TO 25 % OF ACQUIRED CUSTOMER
RELATIONSHIPS

Source text for Eikon:  ID:nMFN8Gq0RF 
Further company coverage:  LMKG.ST 

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