Brief: Momentum Group Acquires 70% Of Shares In Cobalch

Momentum AB

15/11/2023 13:16

Nov 15 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES COBALCH - COMPLEMENTS ITS OFFERING
IN
FLOW TECHNOLOGY
    * CLOSING WILL TAKE PLACE IMMEDIATELY, ACQUISITION IS
EXPECTED TO
HAVE MARGINAL POSITIVE IMPACT ON MOMENTUM GROUP'S EARNINGS PER
SHARE DURING CURRENT FINANCIAL YEAR
    * HAS TODAY, THROUGH ITS SUBSIDIARY BÖRJESSON PIPE SYSTEMS
AB
(BPS), SIGNED AN AGREEMENT TO ACQUIRE 70% OF SHARES IN COBALCH
APS
    * COBALCH WILL BE OPERATED AS INDEPENDENT SUBSIDIARY,
COMPETENCE
CENTER OF BPS UNDER CURRENT MANAGEMENT

Source text for Eikon:  ID:nMFNfyHYq 
Further company coverage:  MMGRb.ST 

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