Brief: Sievi Capital: Indoor Group Agrees With Two Franchisees On The Acquisition Of Eight Stores

KH Oyj

01/06/2022 06:35

June 1 (Reuters) - Sievi Capital Oyj  SIEVI.HE :
    * INDOOR GROUP AGREES WITH TWO FRANCHISEES ON THE
ACQUISITION OF
EIGHT STORES
    * SIEVI CAPITAL'S TARGET COMPANY INDOOR GROUP HAS AGREED ON
ACQUISITION OF BUSINESS OPERATIONS AND RELATED ASSETS OF SOTKA
STORES OWNED BY J. SOIKKELI OY AND DAJA OY
    * TRANSFER OF STORES TO BE ACQUIRED WOULD HAVE HAD A NET
SALES
EFFECT OF APPROXIMATELY EUR 5.0 MILLION FOR INDOOR GROUP IN
2021.
    * BUSINESS OPERATIONS OF STORES OWNED BY J. SOIKKELI OY AND
DAJA
OY ARE EXPECTED TO BE TRANSFERRED TO INDOOR GROUP IN SEVERAL
STAGES BY END OF 2022
    * PERSONNEL OF STORES TO BE ACQUIRED WILL BE TRANSFERRED TO
INDOOR
GROUP.

Source text for Eikon:  ID:nGNE9yVF0N 
Further company coverage:  SIEVI.HE 

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