Brief: Momentum Group Acquires Water Purification Company

Momentum AB

14/07/2023 15:37

July 14 (Reuters) - Momentum Group AB  MMGRb.ST :
    * ACQUIRES CONCLEAN – TAKES A POSITION IN WATER PURIFICATION
    * AGREEMENT TO ACQUIRE 80 PERCENT OF SHARES IN CONCLEAN AB
    * CLOSING IS EXPECTED TO TAKE PLACE IN SEPTEMBER
    * ACQUISITION TO HAVE MARGINAL POSITIVE IMPACT ON CO'S EARNINGS PER SHARE DURING CURRENT FY
    * PART OF PURCHASE PRICE, SEK 15 MILLION, IS PAID THROUGH TRANSFER OF REPURCHASED B SHARES
TO
SELLERS
    * CONCLEAN HAS ANNUAL SALES OF ABOUT SEK 47 MILLION AND 11 EMPLOYEES

Source text for Eikon:  ID:nMFN2F0F6y 
Further company coverage:  MMGRb.ST 

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