Brief: Raisio Agrees To Divest Its Confectionery Business
22/12/2017 07:34
Dec 22 (Reuters) - Raisio Oyj RAIVV.HE :
* RAISIO PLC: RAISIO HAS AGREED ON THE DIVESTMENT OF ITS
CONFECTIONERY BUSINESS TO FOCUS ON BRANDS ENHANCING WELL-BEING
* ARRANGEMENT WILL BE CARRIED OUT AS A SHARE TRANSACTION
AND ITS
ENTERPRISE VALUE IS EUR 100 MILLION
* EQUITY VALUE OF DEAL PAID BY BUYER IS EUR 77 MILLION.
* FOR DIVESTMENT OF ITS CONFECTIONERY BUSINESS, RAISIO WILL
RECORD DIVESTMENT LOSS OF SOME EUR 38 MILLION
Source text for Eikon: ID:nHSU7hr1
Further company coverage: RAIVV.HE
(Gdynia Newsroom)
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