Brief: Cloetta Puts Investment In Greenfield Plant On Hold

Cloetta AB

26/09/2024 11:29

Sept 26 (Reuters) - Cloetta AB  CLOEb.ST :
    * CLOETTA PUTS INVESTMENT IN GREENFIELD PLANT ON HOLD AND
INITIATES REASSESSMENT OF THE PLANT AND OPTIONS
    * ALL CONSTRUCTION OR OTHER INFRASTRUCTURE INVESTMENTS IN
INITIATED GREENFIELD HAVE BEEN PUT ON HOLD
    * LONG-TERM FINANCIAL TARGETS REMAIN IN PLACE
    * DECISION IS NOT EXPECTED TO HAVE ANY MATERIAL EFFECT ON
RESULT
OF Q3 2024
    * EXPERIENCED EXCEPTIONAL INFLATION AND INCREASED
GEOPOLITICAL
UNCERTAINTY ALONG WITH NEW ENERGY SUPPLY ISSUES IN EUROPE

Source text for Eikon:  ID:nWkrnf4xt 
Further company coverage:  CLOEb.ST 

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