Brief: Raisio Sells Fish Feed Business To Finnforel

Raisio Oyj

28/02/2023 06:35

Feb 28 (Reuters) - Raisio Oyj  RAIVV.HE :
    * RAISIO SELLS ITS FISH FEED BUSINESS TO FINNFOREL
    * SOLD ITS FISH FEED BUSINESS TO A SUBSIDIARY OF FINNFOREL
OY
    * DEBT-FREE PURCHASE PRICE IS EUR 7 MILLION
    * TRANSACTION IS CARRIED OUT IN FORM OF A SHARE DEAL
    * FINANCIAL RESULT OF FISH FEED BUSINESS REPORTED IN
DISCONTINUED
OPERATIONS AND SALE OF ITS SHARES ARE NOT EXPECTED TO HAVE A
SIGNIFICANT FINANCIAL IMPACT ON RAISIO'S Q1 OF 2023
    * RECOGNISED AN IMPAIRMENT LOSS OF EUR 4.1 MILLION ON
RAISIOAQUA'S
FIXED ASSETS IN Q1 2022 EBIT

Source text for Eikon:  ID:nWkr2DpnLD 
Further company coverage:  RAIVV.HE 

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