Brief: Lehto Sells Its Pipeline Renovation Business

Lehto Oyj

28/04/2022 05:37

April 28 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO SELLS ITS PIPELINE RENOVATION BUSINESS
    * IT IS EXPECTED THAT TRANSACTION IS COMPLETED BY END OF JUNE 2022.
    * TRANSACTION COMPRISES ENTIRE SHARE CAPITAL OF REMONTTIPARTIO WITH ENTERPRISE VALUE (EV) OF
EUR
30.0 MILLION
    * TRANSACTION WILL RESULT IN A NON-RECURRING POSITIVE IMPACT OF APPROXIMATELY EUR 30 MILLION
    * NET SALES OF PIPELINE RENOVATION BUSINESS IN 2021 WERE EUR 31.8 MILLION

Source text for Eikon:  ID:nWkr4BXnTr 
Further company coverage:  LEHTO.HE 

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