Brief: Prevas Divests Tritech Solutions

Prevas AB

07/07/2021 10:03

July 7 (Reuters) - Prevas AB  PREVb.ST :
    * PREVAS DIVESTS TRITECH SOLUTIONS AB
    * TRITECH SOLUTIONS AB HAS EIGHT EMPLOYEES AND REPORTED
APPROX.
SEK 60 MILLION IN SALES FOR 2020
    * PREVAS HELD 51 PERCENT OF SHARES PRIOR TO DIVESTITURE
    * IN TOTAL, PRELIMINARY PURCHASE PRICE FOR 100 PERCENT OF
SHARES
AMOUNTS TO SEK 45 MILLION, ON A CASH AND DEBT-FREE BASIS
    * DIVESTITURE WILL HAVE A POSITIVE ONE-TIME IMPACT ON
EARNINGS IN
Q3 OF 2021
    * POSSESSION OF SHARES WILL BE TRANSFERRED ON AUGUST 1, 2021
    * PAYMENT  CAN BE USED IN CONJUNCTION WITH NEW POTENTIAL
ACQUISITIONS

Source text for Eikon:  ID:nWkr15CyDZ 
Further company coverage:  PREVb.ST 

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