Brief: Columbus Exits Russian Market

Columbus A/S

16/03/2022 11:00

March 16 (Reuters) - Columbus A/S  COLUM.CO :
    * COLUMBUS A/S HAS ENTERED INTO AN AGREEMENT TO HAND OVER
ITS
RUSSIAN BUSINESS UNIT TO MANAGEMENT OF COLUMBUS RUSSIA
    * AGREED PURCHASE PRICE IS DKK 2M WHICH WILL BE PAID TO
COLUMBUS
IN TWO INSTALLMENTS, FOUR AND FIVE YEARS AFTER CLOSING.
    * AGREEMENT IS EFFECTIVE AS OF 16 MARCH 2022.
    * RUSSIAN BUSINESS UNIT WILL CEASE USING COLUMBUS BRAND
IMMEDIATELY
    * OUTLOOK FOR 2022 IS UNCHANGED

Source text for Eikon:  ID:nGNE3f2QRd 
Further company coverage:  COLUM.CO 

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