Brief: Fram^ Divests IT Development Business Unit To IPS Solutions

Fram Skandinavien AB (publ)

14/07/2022 07:09

July 14 (Reuters) - Fram Skandinavien AB (publ)  FRAMb.ST :
    * FRAM^ DIVESTS ITS ENTIRE "IT DEVELOPMENT" BUSINESS UNIT TO
THE
IT DEVELOPMENT GROUP, IPS SOLUTIONS
    * HAS TODAY SIGNED AN AGREEMENT TO DIVEST ALL OF SHARES IN
ITS
SUBSIDIARY, FRAM VENTURE 11 AB, WHICH IN TURN ENCOMPASSES ALL
OPERATIONS WITHIN BUSINESS AREA IT DEVELOPMENT
    * PURCHASE PRICE, ON A CASH AND DEBT-FREE BASIS ("ENTERPRISE
VALUE"), IS APPROX. 42.4 MSEK (4 MUSD)

Source text for Eikon:  ID:nBQNc4KW0C 
Further company coverage:  FRAMb.ST 

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