Brief: Dormakaba To Divest Its Sub-Saharan African Business

Dormakaba Holding AG

10/06/2024 05:33

June 10 (Reuters) - DORMAKABA HOLDING AG  DOKA.S :
    * HAS SIGNED AGREEMENT TO DIVEST ITS SUB-SAHARAN AFRICAN
BUSINESS
    * PARTIES HAVE AGREED NOT TO DISCLOSE FINANCIAL TERMS OF
TRANSACTION
    * AFTER CLOSING, BUSINESS WILL OPERATE AS ACCESS HARDWARE
HOLDINGS
(PTY) LTD. UNDER NEW OWNERSHIP AND WILL ACT AS EXCLUSIVE
DORMAKABA PARTNER IN REGION
    * TRANSACTION IS PENDING FINAL APPROVAL BY RELEVANT
AUTHORITIES,
WHICH DORMAKABA EXPECTS IN COMING WEEKS

Source text for Eikon:  ID:nEQ7kscTa 
Further company coverage:  DOKA.S 

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