Brief: Fiskars - Plans To Divest Its Watering Assembly Plant In Ningbo, China

Fiskars

01/12/2020 06:04

Dec 1 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS SEEKS AGILITY AND EFFICIENCIES - PLANS TO DIVEST ITS WATERING ASSEMBLY PLANT IN
NINGBO,
CHINA
    * FISKARS SEEKS AGILITY AND EFFICIENCIES - PLANS TO DIVEST ITS WATERING ASSEMBLY PLANT IN
NINGBO,
CHINA
    * FISKARS OYJ ABP - TRANSACTION IS EXPECTED TO BE COMPLETED BY END OF JANUARY 2021.
    * FISKARS OYJ ABP - HAS ENTERED INTO AN AGREEMENT TO DIVEST ITS WATERING ASSEMBLY PLANT AND
RELATED OPERATIONS IN NINGBO, CHINA TO DAYE
    * FISKARS OYJ ABP - IN FULL YEAR 2020, NINGBO'S PRODUCTION VALUE IS APPROXIMATELY EUR 9
MILLIO
    * FISKARS OYJ ABP - SALE IS NOT EXPECTED TO HAVE A SIGNIFICANT IMPACT ON FISKARS
CORPORATION'S
FINANCIAL POSITION OR RESULT DURING 2021.
    * FISKARS OYJ ABP - DIVESTURE IS PART OF CO'S RESTRUCTURING PROGRAM ANNOUNCED IN DECEMBER
2019

Source text for Eikon:  ID:nWkr8ysgXS 
Further company coverage:  FSKRS.HE 

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