Brief: Qliro Group sells Health And Sports Nutrition Group to Orkla

Nelly AB (publ)

21/11/2017 24:00

Nov 20 (Reuters) - Qliro Group Ab (Publ)  QLRO.ST  
    * Qliro group sells Health And Sports Nutrition Group 
    * Qliro group ab says enterprise value of HSNG in 
transaction is 
sek 360 million on a cash and debt free basis and with a 
normalized working capital 
    * Qliro Group Ab says entered into an agreement to sell its 
subsidiary Health And Sports Nutrition Group hsng ab ("hsng") to 
Orkla 
    * Qliro group ab says hsng will remain a partner to Qliro 
financial services and cdon marketplace after transaction 
    * hsng is expected to be reported as an item under 
discontinued 
operations from q4 2017 
 
Source text for Eikon:  ID:nWkr6MpHqZ  
Further company coverage:  QLRO.ST  
 
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