Brief: Embellence Group Invests In Pappelina's Growth
17/11/2021 09:06
Nov 17 (Reuters) - Embellence Group AB (publ) EMBELL.ST :
* EMBELLENCE GROUP INVESTS IN PAPPELINA'S CONTINUED GROWTH
* ASSETS OF DALASLÖJDEN AB, WHICH HAS MANUFACTURED
PAPPELINA'S
RUGS SINCE 1999, HAVE BEEN ACQUIRED
* ASSET ACQUISITION PERTAINS TO BOTH OF DALASLÖJDEN'S
PRODUCTION
FACILITIES, ONE IN LEKSAND, SWEDEN, AND ONE IN ESTONIA,
INCLUDING INVENTORIES
* ACQUISITION IS NOT EXPECTED TO LEAD TO ANY SUBSTANTIAL
IMPACT ON
EMBELLENCE GROUP'S EARNINGS OR FINANCIAL POSITION FOR CURRENT
YEAR
* DATE OF POSSESSION IS SET AS 1 DECEMBER 2021.
Source text for Eikon: ID:nWkr7tS3ZC
Further company coverage: EMBELL.ST
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