Brief: Lagercrantz Acquires Prido

Lagercrantz AB

07/02/2024 12:52

Feb 7 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * LAGERCRANTZ ACQUIRES PRIDO
    * SIGNED AN AGREEMENT TO ACQUIRE 96% OF SHARES IN PRIDO AB
    * ACQUISITION IS SUBJECT TO APPROVAL BY AUTHORITIES WHICH IS
NOW
TAKING PLACE AHEAD OF AN ANTICIPATED TAKEOVER LATEST MARCH 2024
    * PRIDO WILL BE PART OF NICHE PRODUCTS DIVISION
    * ACQUISITION IS EXPECTED TO GENERATE A POSITIVE
CONTRIBUTION TO
LAGERCRANTZ GROUP'S EARNINGS PER SHARE.
    * PRIDO AB, A MANUFACTURER OF HIGH-QUALITY INDUSTRIAL DOORS
AND
GATES

Source text for Eikon:  ID:nWkr2VXMRf 
Further company coverage:  LAGRb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))