Brief: Lagercrantz Acquires Frictape

Lagercrantz AB

02/10/2019 15:33

Oct 2 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * LAGERCRANTZ ACQUIRES FRICTAPE
    * LAGERCRANTZ HAS TODAY VIA A NEWLY ESTABLISHED FINNISH
COMPANY
ACQUIRED SHARES IN FINLAND-BASED FRICTAPE NET OY AND IN ESTONIAN
COMPANY FRICTAPE NET OÜ
    * ACQUISITION IS EXPECTED TO GENERATE A SMALL POSITIVE
ADDITION TO
GROUP'S EARNINGS PER SHARE ON AN ANNUAL BASIS.
    * ACQUISITIONS ARE BEING CARRIED OUT TOGETHER WITH FORMER
OWNERS
JAAKKO AND TELLERVO UOTILA, WHERE LAGERCRANTZ WILL BECOME
MAJORITY OWNER WITH JUST OVER 70 PERCENT AND FORMER OWNERS WILL
REMAIN AS OWNERS OF JUST UNDER 30 PERCENT OF SHARES

Source text for Eikon:  ID:nWkr6P8S6F 
Further company coverage:  LAGRb.ST 

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