Brief: Vita 34 Refocuses R&D Activities, Implements Cost Reduction Program In Scandinavia

FamiCord AG

26/06/2018 13:04

June 26 (Reuters) - Vita 34 AG  V3VGn.DE :
    * DGAP-NEWS: VITA 34 REFOCUSES RESEARCH AND DEVELOPMENT ACTIVITIES AND IMPLEMENTS COST
REDUCTION
PROGRAM IN SCANDINAVIA
    * REMAINS UNCHANGED IN ITS CURRENT OUTLOOK FOR 2018 FINANCIAL YEAR
    * TO CEASE ITS ACTIVE MARKETING ACTIVITIES IN DENMARK, SWEDEN AND NORWAY
    * DANISH SUBSIDIARY VITA 34 APS WILL BE REMAINED AND WILL CONTINUE STORAGE BUSINESS OF
EXISTING
UNITS
    * DEVELOPMENT PROJECTS IN PLANT STEM CELLS AREA, RESULTING FROM ACQUISITION OF BIOPLANTA, TO
BE
DISCONTINUED

Source text for Eikon:  ID:nEQ3ByCq4a 
Further company coverage:  V3VGn.DE 

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