Brief: Krones Is Close To Sign An Agreement Regarding The Acquisition Of 100% Of Netstal Maschinen AG

Krones AG

29/01/2024 06:34

Jan 29 (Reuters) - KRONES AG  KRNG.DE :
    * INTENDS TO EXPAND ITS PORTFOLIO INTO INJECTION MOLDING
WITH THE
IMMINENT ACQUISITION OF NETSTAL
    * KRONES IS CLOSE TO SIGN AN AGREEMENT REGARDING ACQUISITION
OF
100% OF NETSTAL MASCHINEN AG (NETSTAL) FROM KRAUSSMAFFEI
    * FINAL SIGNING OF TRANSACTION IS SCHEDULED FOR BEGINNING OF
FEBRUARY 2024
    * TRANSACTION TO BE COMPLETED WITHIN FIRST HALF OF 2024
    * NETSTAL WILL RETAIN ITS BUSINESS RESPONSIBILITY WITHIN
KRONES,
WHILE BENEFITTING FROM INTERNATIONAL SET-UP AND SCALE OF KRONES.

Source text for Eikon:  ID:nEQ2ttJNQa 
Further company coverage:  KRNG.DE 

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