Brief: Raisio To Acquire Verso Food

Raisio Oyj

01/04/2021 06:33

April 1 (Reuters) - Raisio Oyj  RAIVV.HE :
    * RAISIO TO ACQUIRE VERSO FOOD, KNOWN FOR ITS BEANIT® AND
HÄRKIS®
PRODUCTS
    * WILL ACQUIRE VERSO FOOD OY, KNOWN FOR ITS BEANIT® AND
HÄRKIS®
PRODUCTS
    * DEBT-FREE PURCHASE PRICE IS EUR 7 MILLION IN CASH AND 1
MILLION
SHARES OF RAISIO'S V-SHARES, CURRENTLY OWNED BY RAISIO.
    * PORTION TO BE PAID IN SHARES WILL BE IMPLEMENTED AS A
DIRECTED
SHARE ISSUE.
    * IN 2020, VERSO FOOD'S NET SALES INCREASED ALMOST 20% TO
APPROXIMATELY EUR 8 MILLION
    * DUE TO LARGE INVESTMENTS AND STRONG SALES EFFORTS, VERSO
FOOD'S
BUSINESS IS STILL UNPROFITABLE
    * VERSO FOOD ENDED YEAR 2019 WITH A LOSS OF CA. EUR 3.6
MILLION
AND YEAR 2020 WITH A LOSS OF CA. EUR 4.5 MILLION

Source text for Eikon:  ID:nWkr6q3K7p 
Further company coverage:  RAIVV.HE 

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