Brief: Purmo Group Signs Agreement To Sell Its Russian Business

Purmo Oyj

01/05/2023 06:41

May 1 (Reuters) - Purmo Group Oyj  PURMO.HE :
    * SAID ON FRIDAY SIGNED AGREEMENT TO SELL ITS RUSSIAN
BUSINESS
    * SIGNS AGREEMENT TO DIVEST ALL OF CO'S RUSSIAN OPERATIONS
TO
IPLS, INCLUDING ALL RELATED ASSETS AND LIABILITIES
    * PARTIES HAVE AGREED NOT TO DISCLOSE TRANSACTION VALUE
    * DIVESTMENT DOES NOT AFFECT CO'S FINANCIAL GUIDANCE FOR
2023
    * SUBSEQUENT TO CLOSING OF TRANSACTION CO WILL NOT HAVE ANY
ACTIVITIES IN RUSSIA

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNbv3Fkz
 Further company coverage:  PURMO.HE  

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