Brief: Fiskars To Divest Its North American Watering Business To An Affiliate Of Centre Lane Partners

Fiskars

21/12/2021 06:03

Dec 21 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS TO DIVEST ITS NORTH AMERICAN WATERING BUSINESS TO
AN
AFFILIATE OF CENTRE LANE PARTNERS
    * SIGNED AN AGREEMENT TO SELL FISKARS' NORTH AMERICAN
WATERING
BUSINESS TO LAWN & GARDEN LLC
    * BUSINESS SUBJECT TO TRANSACTION HAD A NET SALES OF
APPROXIMATELY
EUR 80 MILLION FOR TWELVE MONTH PERIOD ENDING SEPTEMBER 30, 2021
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q1 OF 2022
    * PARTIES HAVE AGREED NOT TO DISCLOSE TERMS OF TRANSACTION
    * SALE IS NOT EXPECTED TO HAVE A SIGNIFICANT IMPACT ON
FISKARS
CORPORATION'S EBIT OR FINANCIAL POSITION IN 2022

Source text for Eikon:  ID:nWkr96m8yG 
Further company coverage:  FSKRS.HE 

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