Brief: Panostaja unit Digiprint Finland and Multiprint Group to merge

Panostaja Oyj

19/05/2015 07:00

May 19 (Reuters) - Panostaja Oyj  PNA1V.HE : 
    * Says Digital Printing Services segment strengthened 
    * Shareholders of Panostaja's subsidiary Digiprint Finland Oy and Multiprint Group Oy have 
signed an agreement to merge Digiprint Finland and Multiprint Group 
    * Digiprint Finland is Grano Oy's parent company 
    * Net sales of merged company will increase to some 90 million euros ($101.73 million) and 
number of personnel to over 800 
    * In arrangement, value of share capital of Digiprint Finland Oy is 49.1 million euros and 
that of Multiprint Group Oy 25.9 million euros  
    * Panostaja will be majority owner of merged company with an over 50 pct share of ownership 
    * Intention is to conclude arrangement during summer 2015 
    * At this point does not specify result management, since the technical manner of the merger 
and the final schedule of the arrangement remain open 
    * Earlier expected net sales in 2015 to be greater than in 2014, EBIT to be on same level as 
in 2014 
 
Source text for Eikon:  ID:nHSU5Rf6  
Further company coverage:  PNA1V.HE  
 
($1 = 0.8847 euros) 
 
 (Gdynia Newsroom) 
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