Brief: NIBE Acquires Italian Argoclima

Nibe Industrier AB

31/05/2022 17:03

May 31 (Reuters) - Nibe Industrier AB  NIBEb.ST :
    * REG-NIBE ACQUIRES ITALIAN ARGOCLIMA
    * ARGOCLIMA WILL BECOME PART OF NIBE CLIMATE SOLUTIONS
BUSINESS
AREA. CONSOLIDATION WITH NIBE WILL BE FROM 1 JUNE 2022
    * NIBE INDUSTRIER - CO SIGNED AGREEMENT TO ACQUIRE 50% OF
SHARES
IN THE ITALIAN COMPANY ARGOCLIMA S.P.A. AND THE REMAINING STAKE
WITHIN A 5-YEAR PERIOD
    * PURCHASE PRICE IS NOT SPECIFIED BECAUSE ACQUIRED BUSINESS
WILL
ONLY CONSTITUTE A SMALL PART OF NIBE GROUP.

Source text for Eikon:  ID:nGNE3gRw38 
Further company coverage:  NIBEb.ST 

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