Brief: Eezy Divests Its Subsidiary In Sweden

Eezy Oyj

11/12/2020 08:08

Dec 11 (Reuters) - Eezy Plc  EEZY.HE :
    * REG-EEZY DIVESTS ITS SUBSIDIARY IN SWEDEN
    * AFTER TRANSACTION EEZY'S REVENUE IS FULLY GENERATED IN
FINLAND.
    * EEZY HAS TODAY SIGNED AN AGREEMENT TO SELL ITS SWEDISH
SUBSIDIARY VMP-GROUP SWEDEN AB TO PALM & PARTNERS BEMANNING AB,
WHO OPERATES IN SAME BUSINESS IN SWEDEN.
    * SWEDISH SUBSIDIARY HAS GENERATED APPROX. 1% OF EEZY'S
REVENUE IN
1-9/2020 AND IT HAS NOT SIGNIFICANTLY CONTRIBUTED TO GROUP'S
PROFIT.
    * TRANSACTION IS NOT ESTIMATED CAUSE ANY SIGNIFICANT CHANGE
TO
EEZY'S BALANCE SHEET OR FUTURE PROFITABILITY
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN Q1 OF 2021
    * CAPITAL GAIN FROM TRANSACTION IS PRELIMINARILY ESTIMATED
TO BE
APPROX. 1.5 MILLION EURO.

Source text for Eikon:  ID:nGNEc18qNt 
Further company coverage:  EEZY.HE 

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