Brief: Coala-Life Sells Department And Stores Europe AB To AB Sagax

Coala-Life AB (publ)

30/12/2021 15:34

Dec 30 (Reuters) - Coala-Life Group AB (publ)  COALA.ST :
    * HAS TODAY, VIA ITS SUBSIDIARY PORTWEAR AB, ENTERED INTO AN AGREEMENT TO SELL ALL SHARES IN
DEPARTMENT AND STORES EUROPE AB TO AB SAGAX
    * TRANSACTION IS CONDITIONAL AND CLOSING OF TRANSACTION IS SUBJECT TO CUSTOMARY TERMS,
CLOSING OF
TRANSACTION IS PLANNED FOR MARCH 1, 2022
    * COMPLETED TRANSACTION BRINGS IN A SALES PROCEEDS OF APPROXIMATELY SEK 22.2 MILLION AND
GIVES A
POSITIVE PROFIT EFFECT OF APPROXIMATELY SEK 11.6 MILLION.

Source text for Eikon:  ID:nMFN55tbrL 
Further company coverage:  COALA.ST 

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