Brief: Panostaja To Sell KL-Varaosat To Oy Kaha Ab

Panostaja Oyj

29/05/2019 10:03

May 29 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * REG-PANOSTAJA TO SELL KL-VARAOSAT TO OY KAHA AB
    * REG-PANOSTAJA TO SELL KL-VARAOSAT TO OY KAHA AB
    * KL-PARTS OWNS 100% OF KL-VARAOSAT OY.
    * KL-VARAOSAT WILL CONTINUE AS AN INDEPENDENT COMPANY, WITH
JUHA
KIVINEN AS ITS CEO.
    * PANOSTAJA'S HOLDING IN KL-PARTS OY IS 75%.
    * TOTAL DEBT-FREE SALE PRICE OF SHARES IS ESTIMATED TO BE
MEUR 6.4
    * ONCE DEAL HAS BEEN COMPLETED, PANOSTAJA GROUP WILL RECORD
ABOUT
MEUR 2.7 IN SALES PROFIT BEFORE TAXES
    * KL-VARAOSAT WILL CONTINUE AS AN INDEPENDENT COMPANY

Source text for Eikon:  ID:nGNE4WXvHY 
Further company coverage:  PNA1V.HE 

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