Brief: Non-Binding Offer Received For Inin Subsidiary Elop Technology

Inin AS

21/02/2023 12:55

Feb 21 (Reuters) - Inin Group AS  ININ.OL :
    * NON-BINDING OFFER RECEIVED FOR ININ GROUP'S SUBSIDIARY
ELOP
TECHNOLOGY AS | COMPANY UPDATE
    * RECEIVED A USD 30 MILLION NON-BINDING OFFER FOR POTENTIAL
SALE
OF WHOLLY-OWNED SUBSIDIARY ELOP TECHNOLOGY AS
    * CO EX. ELOP TECHNOLOGY TARGETS REVENUE OF ABOUT NOK 540
MILLION,
PROFITABLE RESULT IN 2023
    * EXPECTS TO ANNOUNCE FURTHER ACQUISITIONS IN NEAR FUTURE
    * TO EVALUATE PROPOSAL BEFORE GIVING RECOMMENDATION OR
ACCEPTANCE
TO PROPOSAL
    * EXPECTS FINAL TERMS AND CONDITIONS TO BE NEGOTIATED AND
FINALIZED DURING Q1 2023

Source text for Eikon:  ID:nObizp67qa 
Further company coverage:  ININ.OL 
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