Brief: Konsolidator Signs LoI To Open Sales Office In Spain, Covering Iberia

Konsolidator A/S

23/02/2024 10:45

Feb 23 (Reuters) - Konsolidator A/S  KONSOL.CO :
    * SIGNS LETTER OF INTENT TO OPEN A SALES OFFICE IN SPAIN,
COVERING
IBERIA
    * FINAL AGREEMENT IS EXPECTED TO BE FINALIZED IN MARCH 2024,
AND
OPERATION TO COMMENCE ON APRIL 1, 2024
    * AGREEMENT CREATES AN OPPORTUNITY FOR KONSOLIDATOR TO START
SELLING KONSOLDATOR IN SOUTH AMERICA
    * FINAL AGREEMENT EXPECTED TO BE FINALIZED IN MARCH 2024,
INCLUDES
A CO ESTABLISHED IN SPAIN WITH KONSOLIDATOR OWNING 60%,
REMAINING SHARES OWNED BY LOCAL MANAGEMENT
    * POTENTIAL INVESTMENT WILL IMPACT EBIT NEGATIVELY IN 2024
BY DKK
1-2M
    * EXPECTS THAT OPERATIONS OF NEW COMPANY WILL BE CASH FLOW
POSITIVE AFTER 2-3 YEARS

Source text for Eikon:  ID:nGNE5bv74x 
Further company coverage:  KONSOL.CO 

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