Brief: Ferronordic Signs Agreement To Purchase Land And Invest In New Service And Sales Hub For Hannover

Ferronordic AB

12/03/2021 12:04

March 12 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC SIGNS AGREEMENT TO PURCHASE LAND AND INVEST IN
NEW
SERVICE AND SALES HUB FOR HANNOVER
    * TOTAL INVESTMENT IS EXPECTED TO REACH APPROX. EUR 6.0M
(SEK*
61M) OVER TWO YEARS
    * AGREEMENT TO PURCHASE A 15,500 M² LAND PLOT TO BUILD A NEW
SERVICE AND SALES HUB FOR HANNOVER REGION
    * NEW SITE, EXPECTED TO BE READY IN Q3 2022, WILL PROVIDE
FERRONORDIC WITH A MODERN AND PURPOSE-BUILT FACILITY IN A
STRATEGIC LOCATION IN IMPORTANT HANNOVER REGION
    * INVESTMENT WILL BE MADE DURING 2021 AND 2022 AND IS
EXPECTED TO
REACH APPROX. EUR 6.0M (SEK* 60M)

Source text for Eikon:  ID:nWkr38z7G 
Further company coverage:  FNMA.ST 

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