Brief: Cloetta says eyes potential divestment of Italian business
18/01/2017 11:30
Jan 18 (Reuters) - Cloetta Ab CLOEb.ST
* Strategic review and impairment of cloetta italy
* Says as a consequence of this an indicative valuation of
cloetta italy shows an impairment requirement of SEK 771m
pre-tax and SEK 594m post-tax attributable to cloetta italy
* Says strategic review of cloetta italy is aimed to improve
growth and margins of cloetta group and might include a
potential divestment of italian business
* In 2016, Cloetta's sales in Italy amounted
to approximately SEK 750m
* A divestment of Cloetta Italy would improve Cloetta's
EBIT margin
Source text for Eikon: ID:nWkrar0725
Further company coverage: CLOEb.ST
(Reporting by Stockholm Newsroom)
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