Brief: Sievi Capital Buys Logistikas And Logistikas Hankinta

KH Oyj

29/10/2020 07:51

Oct 29 (Reuters) - Sievi Capital Oyj  SIEVI.HE :
    * ACQUIRES LOGISTIKAS OY AND LOGISTIKAS HANKINTA OY
    * DEBT-FREE PURCHASE PRICE IS APPROXIMATELY EUR 11 MILLION,
TO BE
PAID IN CASH
    * FOLLOWING COMPLETION EXPECTED BY END OF 2020, SIEVI
CAPITAL WILL
HOLD 70% MAJORITY IN THE COMPANIES
    * ACQUIRED COMPANIES WILL FORM A NEW GROUP THAT WILL BE
ESTABLISHED
    * ACQUISITION WILL NOT HAVE A DIRECT MATERIAL EFFECT ON
SIEVI
CAPITAL'S RESULT OR EQUITY

Source text for Eikon:  ID:nGNE4GBrqn 
Further company coverage:  SIEVI.HE 

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