Brief: Harvia To Pay Additional Purchase Price Of Kirami Acquisition In Advance

Harvia Oyj

21/12/2023 14:04

Dec 21 (Reuters) - Harvia Oyj  HARVIA.HE :
    * HARVIA TO PAY ADDITIONAL PURCHASE PRICE OF THE KIRAMI
ACQUISITION IN ADVANCE
    * ORIGINAL PURCHASE PRICE WAS EUR 7 MILLION AT CLOSING AND
ON TOP
OF THIS, A DELAYED PURCHASE PRICE OF EUR 0-4 MILLION AFTER A
THREE YEARS' PERIOD BASED ON KIRAMI'S EBITDA DEVELOPMENT
    * HARVIA AND SELLERS OF KIRAMI HAVE AGREED THAT HARVIA WILL
PAY
ADDITIONAL PURCHASE PRICE OF EUR 2.5 MILLION EARLIER THAN
PREVIOUSLY ANNOUNCED, ON 21 DECEMBER 2023
    * HARVIA WILL FINANCE PAYMENT OF ADDITIONAL PURCHASE PRICE
WITH
CASH FUNDS
    * PAID AMOUNT IS APPROXIMATELY EUR 1.2 MILLION SMALLER THAN
PROVISION HARVIA MADE IN CONNECTION WITH ACQUISITION
    * THIS DIFFERENCE WILL IMPROVE HARVIA'S 2023 RESULT, AND IT
WILL
BE PRESENTED AS CHANGES IN FAIR VALUE OF FINANCIAL ITEMS IN
INCOME STATEMENT

Source text for Eikon:  ID:nGNE29rZJQ 
Further company coverage:  HARVIA.HE 

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