Brief: Gr Sarantis SA Announces The Acquisition Of Luksja In Poland

GR. SARANTIS

13/08/2019 15:35

Aug 13 (Reuters) - Gr Sarantis SA  SRSr.AT :
    * ANNOUNCES THE ACQUISITION OF LUKSJA IN POLAND
    * SIGNS AGREEMENT FOR ACQUISITION OF THE LUKSJA TRADEMARK
THAT
UNTIL NOW BELONGED TO THE COMPANY PZ CUSSONS PLC
    * ACQUISITION COST AMOUNTS TO GBP 9.2 MILLION AND WILL BE
FUNDED
THROUGH OWN CASH
    * AS PART OF THE DEAL SARANTIS GROUP WILL ACT AS A
DISTRIBUTOR FOR
OTHER BRANDS OF PZ CUSSONS CURRENTLY SOLD IN CEE
    * ESTIMATED SALES FROM THE DISTRIBUTION BUSINESS AMOUNTS TO
EUR 6
MILLION

Source text : https://bit.ly/2MgDfbA
Further company coverage:  SRSr.AT 

 (Gdynia Newsroom)
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