Brief: Cloetta Divests Nutisal Brand To Further Focus On Core Confectionary Portfolio

Cloetta AB

31/05/2024 21:53

May 31 (Reuters) - Cloetta AB  CLOEb.ST :
    * THE TOTAL VALUE OF TRANSACTION IS EUR 5-6 MILLION
(APPROXIMATELY
SEK 50-70 MILLION)
    * CLOETTA DIVESTS NUTISAL BRAND TO FURTHER FOCUS ON CORE
CONFECTIONARY PORTFOLIO
    * CLOETTA WILL RECOGNISE A NON-CASH IMPAIRMENT OF
APPROXIMATELY
EUR 7-8 MILLION IN ITS Q2 2024 INTERIM RESULTS.
    * THERE ARE NO DIRECT JOB EFFECTS RELATED TO DIVESTMENT.
    * TRANSACTION IS ESTIMATED TO HAVE A TOTAL POSITIVE CASH
FLOW
EFFECT OF EUR 6-7 MILLION INCLUDING WORKING CAPITAL

Source text for Eikon:  ID:nWkr2mLlRf 
Further company coverage:  CLOEb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))