Brief: Panostaja To Sell Tilatukku Group To Acting Management

Panostaja Oyj

09/04/2020 10:03

April 9 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * PANOSTAJA TO SELL TILATUKKU GROUP OY TO THE ACTING
MANAGEMENT
    * SIGNED AN AGREEMENT ON SELLING MAJORITY OF TILATUKKU GROUP
OY'S
SHARE CAPITAL TO COMPANY'S ACTING MANAGEMENT
    * PANOSTAJA'S HOLDING IN TILATUKKU GROUP OY HAS BEEN 60%
    * COMPANY'S ENTERPRISE VALUE IN ARRANGEMENT IS APPROXIMATELY
MEUR
1.8, OF WHICH PANOSTAJA'S SHARE AFTER DEDUCTION OF
INTEREST-BEARING NET LIABILITIES IS APPROXIMATELY MEUR 0.9
    * ONCE DEAL HAS BEEN COMPLETED, PANOSTAJA GROUP WILL RECORD
A
CAPITAL LOSS OF APPROXIMATELY MEUR 0.5
    * TILATUKKU GROUP WILL CONTINUE TO OPERATE AS AN INDEPENDENT
COMPANY WITH TOMI PIRINEN AS ITS CEO

Source text for Eikon:  ID:nGNE7JDd7J 
Further company coverage:  PNA1V.HE 

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