Brief: Purmo Group Agrees To Sell Its Russian Business To Russian Investment Company

Purmo Oyj

19/04/2024 12:05

April 19 (Reuters) - Purmo Group Oyj  PURMO.HE :
    * PURMO GROUP HAS AGREED TO SELL ITS RUSSIAN BUSINESS TO A
RUSSIAN
INVESTMENT COMPANY AND ENDED NEGOTIATIONS WITH IPLS
    * DIVESTMENT WILL NOT HAVE A MATERIAL FINANCIAL IMPACT ON
PURMO
GROUP AND WILL NOT AFFECT FINANCIAL GUIDANCE FOR 2024
    * COMPLETION OF TRANSACTION IS SUBJECT TO APPROVALS BY
RELEVANT
REGULATORY AUTHORITIES IN RUSSIA, WHICH ARE EXPECTED TO BE
RECEIVED DURING Q2 OF 2024
    * AFTER POTENTIAL DIVESTMENT, PURMO GROUP WILL NOT HAVE ANY
ACTIVITIES IN RUSSIA OR ANY REDEMPTION LIABILITIES CONCERNING
RUSSIAN BUSINESS

Source text for Eikon:  ID:nMFNkcCHL 
Further company coverage:  PURMO.HE 

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