Brief: Precia Acquires Milviteka UAB

Precia SA

12/12/2019 08:15

Dec 12 (Reuters) - PRECIA SA  PREP.PA :
    * ANNOUNCED ON WEDNESDAY 100% ACQUISITION OF COMPANY
MILVITEKA UAB
(KLAIPEDA– LITHUANIA)
    * ACQUISITION OF MANUFACTURING FACILITY OFFERS OPPORTUNITIES
THANKS TO PROXIMITY WITH RUSSIA, SCANDINAVIA AND EASTERN
EUROPEAN COUNTRIES 
    * CEO OF THE COMPANY WILL KEEP HIS POSITION
    * MILVITEKA ACCOUNTS WILL BE CONSOLIDATED FROM JANUARY 1ST
2020
    * INTEGRATION WILL ALLOW GROUP TO REACH TURNOVER GREATER
THAN EUR
140 MLN IN 2020 WITH EXPORT SHARE APPROACHING 50%

    
 Source text for Eikon:  ID:nNDL7DfJZq 
    
 Further company coverage:  PREP.PA  
   


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