Brief: Electrolux Professional To Acquire Unified Brands

Electrolux Professional AB (publ)

12/10/2021 02:18

Oct 11 (Reuters) - Electrolux Professional publ AB
 EPROb.ST :
    * ELECTROLUX PROFESSIONAL TO ACQUIRE UNIFIED BRANDS
    * ELECTROLUX PROFESSIONAL - CO TO BUY UNIFIED BRANDS FOR
APPROXIMATELY SEK 2,140M (USD 244M), ON CASH AND DEBT FREE BASIS
INCLUDING CERTAIN TAX BENEFITS
    * ELECTROLUX - FOLLOWING DEAL, UNIFIED BRANDS IS EXPECTED TO
OPERATE AS IT DOES TODAY AND WILL BE REPORTED AS PART OF CO'S
FOOD & BEVERAGE SEGMENT
    * ELECTROLUX PROFESSIONAL - FOLLOWING ACQUISITION, UNIFIED
BRANDS
EXPECTED TO OPERATE AS IT DOES TODAY
    * ACQUISITION IS FINANCED BY INTERNAL FUNDS AND EXISTING
BANK AND
CREDIT LINES
    * CLOSING OF DEAL IS EXPECTED TO TAKE PLACE DURING Q4 OF
2021
    * ELECTROLUX PROFESSIONAL - FOLLOWING ACQUISITION, UNIFIED
BRANDS
WILL BE REPORTED AS PART OF ELECTROLUX PROFESSIONAL'S FOOD &
BEVERAGE SEGMENT

Source text for Eikon:  ID:nWkr5zkDgg 
Further company coverage:  EPROb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))