Brief: Meko Acquires Elit Polska

Meko AB

10/05/2024 16:01

May 10 (Reuters) - Meko AB  MEKO.ST :
    * MEKO STRENGTHENS ITS POSITION IN POLAND THROUGH STRATEGIC
ACQUISITION
    * MERGER IS EXPECTED TO GENERATE SIGNIFICANT SYNERGIES AND
CONTRIBUTE TO MEKO'S LONG-TERM INCREASED PROFITABILITY.
    * ACQUISITION WILL NOT MATERIALLY AFFECT MEKO'S DEBT OR CASH
FLOW
    * DURING 2024 AND 2025, CERTAIN INITIAL COSTS WILL ARISE TO
ENABLE
ANNUAL SYNERGIES WITH FULL EFFECT FROM 2026
    * TRANSACTION IS SUBJECT TO CUSTOMARY APPROVALS FROM
RELEVANT
AUTHORITIES
    * TERMS OF TRANSACTION WERE NOT DISCLOSED

Source text for Eikon:  ID:nWkr8H8VrM 
Further company coverage:  MEKO.ST 

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