Brief: Panostaja Sells Suomen Helakeskus To HTF Group

Panostaja Oyj

18/02/2021 14:09

Feb 18 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * PANOSTAJA SELLS SUOMEN HELAKESKUS TO HTF GROUP OY
    * HAS SIGNED AN AGREEMENT TO SELL ENTIRE SHARE CAPITAL OF
SUOMEN
HELAKESKUS OY TO HTF GROUP OY
    * DEBT-FREE TOTAL PURCHASE PRICE IS MEUR 2.5
    * THIS ALSO ENTAILS PANOSTAJA DIVESTING ALL OF ITS BUSINESS
OPERATIONS SPECIALIZING IN IMPORT OF FITTINGS AND PROVISION OF
RELATED SERVICES
    * SUOMEN HELAKESKUS OY IS A SUBSIDIARY OF SUOMEN HELASTO OY,
WHICH
IS FULLY OWNED BY PANOSTAJA.
    * ONCE DEAL HAS BEEN COMPLETED, PANOSTAJA GROUP WILL RECORD
A
CAPITAL LOSS OF APPROXIMATELY MEUR 1.2, TAKING TAX EFFECTS INTO
ACCOUNT.

Source text for Eikon:  ID:nGNE8TLpMf 
Further company coverage:  PNA1V.HE 

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