Brief: Elon Unit To Merge With Euronics Holding's Swedish Operations

Elon AB (publ)

23/08/2023 16:10

Aug 23 (Reuters) - Elon AB (publ)  ELON.ST :
    * SUBSIDIARIES ELON GROUP AND EURONICS HOLDING AB HAVE ENTERED INTO A LOI REGARDING THE
MERGER OF
THE SWEDISH PART OF THE EURONICS CHAIN WITH ELON'S CHAIN OPERATIONS
    * PARTIES ENTERED INTO NON-BINDING LETTER OF INTENT
    * PARTIES' OBJECTIVE IS TO COMPLETE PROCESS, ENTER INTO BINDING AGREEMENT REGARDING MERGER
IN SEPT
2023

Source text for Eikon:  ID:nWkr6TSg7y 
Further company coverage:  ELON.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))