Brief: Kid ASA - Cooperation With Fabritius Gruppen As To Establish New Warehouse Facilities In Sweden

Kid ASA

03/11/2021 18:22

Nov 3 (Reuters) - Kid ASA  KID.OL :
    * COOPERATION WITH FABRITIUS GRUPPEN AS TO ESTABLISH NEW
WAREHOUSE
FACILITIES IN SWEDEN
    * JOINT VENTURE WILL BE CONTROLLED BY KID (THROUGH HEMTEX
LOGISTIKK AS) AND FABRITIUS ON A 50/50% BASIS
    * KID'S INVESTMENT IN JOINT VENTURE WILL BE FINANCED FROM
EXISTING
BANK FACILITIES
    * PROJECT WILL BE FINANCED ON A STAND-ALONE BASIS THROUGH
BANK
BORROWINGS WITH AN ESTIMATED GEARING RATIO OF 80%

Source text for Eikon:  ID:nWkr1RyBpl 
Further company coverage:  KID.OL 

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