Brief: ITAB Shop Concept In Agreement With Cefla On Acquiring Cefla's Business Unit For Retail Solutions

Itab AB

08/10/2020 10:02

Oct 8 (Reuters) - ITAB Shop Concept AB  ITABb.ST :
    * ITAB LA FORTEZZA S.P.A. ENTERED INTO AN AGREEMENT WITH
CEFLA
SOC. COOP. ON ACQUIRING CEFLA'S BUSINESS UNIT FOR RETAIL
SOLUTIONS
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN THE END OF 2020
    * CO'S ITALIAN SUBSIDIARY TO ACQUIRE 81% OF CEFLA'S BUSINESS
UNIT
FOR RETAIL SOLUTIONS
    * POSITIVE EBIDTA EFFECT FOR ITAB IN 2021 IS ESTIMATED AT AT
LEAST
SEK 30 MILLION
    * HAS RIGHT TO ACQUIRE REMAINING SHARES IN THE BUSINESS UNIT
AFTER
3 YRS FROM COMPLETION OF DEAL
    * TRANSACTION WILL CREATE OPPORTUNITIES FOR FURTHER SYNERGY
EFFECTS IN COMING YEARS

Source text for Eikon:  ID:nWkr6HhDxk 
Further company coverage:  ITABb.ST 

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