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LIAB - Lindab International AB News Story

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Sector
Industrials
Size
Mid Cap
Market Cap £1.09bn
Enterprise Value £1.24bn
Revenue £842.9m
Position in Universe 277th / 1783

BRIEF-Lindab Divests IMP Klima Group To Orange Climate B.V.

Fri 18th September, 2020 12:23pm
Sept 18 (Reuters) - Lindab International AB  LIAB.ST :
    * LINDAB HAS DIVESTED IMP KLIMA GROUP TO ORANGE CLIMATE B.V.
    * HAS TODAY SIGNED AN AGREEMENT TO SELL IMP KLIMA GROUP TO
ORANGE
CLIMATE B.V., THROUGH ITS SLOVENIAN SUBSIDIARY
    * ORANGE CLIMATE B.V. WILL TAKE OVER OWNERSHIP OF IMP KLIMA
GROUP
AS OF TODAY
    * FINANCIAL IMPACT IN Q3 WILL BE LIMITED AND AFTER THAT NO
FURTHER
COSTS ARE EXPECTED
    * WITH DIVESTMENT TO ORANGE CLIMATE B.V., LINDAB'S COSTS FOR
IMP
KLIMA GROUP WILL BE LESS THAN INITIALLY ESTIMATED
    * IN Q2, ONE-TIME COSTS OF SEK 74 M WERE REPORTED
    * FINANCIAL IMPACT IN Q3 WILL BE LIMITED AND AFTER THAT NO
FURTHER
COSTS ARE EXPECTED

Source text: https://bit.ly/3iKn8Q7
Further company coverage:  LIAB.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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