Brief: Kollect On Demand Disposes Of Bin Collection Business For About SEK 25 Mln

Mashup Ireland AB

04/03/2022 13:41

March 4 (Reuters) - Kollect on Demand Holding AB (publ)
 KOLL.ST :
    * KOLLECT ON DEMAND HOLDING AB SUCCESSFULLY DISPOSES OF BIN
COLLECTION BUSINESS FOR APPROXIMATELY SEK 25 MILLION.
    * DISPOSAL OF DOMESTIC AND COMMERCIAL BIN COLLECTION
BUSINESS IN
IRELAND TO BEAUPARC
    * UPFRONT CASH PAYMENT OF APPROXIMATELY SEK 25 MILLION
BEFORE
TRANSACTION COSTS
    * BOARD CONSIDERED THAT THIS BUSINESS WAS NO LONGER CORE TO
COMPANY
    * INTENDS TO USE NET PROCEEDS TO EXECUTE ON ITS STATED 2024
STRATEGY OF ORGANIC GROWTH SUPPORTED BY M&A

Source text for Eikon:  ID:nMFNbN4qlg 
Further company coverage:  KOLL.ST 

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