Brief: Rapala Makes Changes In Distribution Agreements With Shimano Europe BV

Rapala VMC Oyj

18/01/2019 11:02

Jan 18 (Reuters) - Rapala VMC Corp  RAP1V.HE :
    * REG-CHANGES IN THE DISTRIBUTION AGREEMENTS BETWEEN RAPALA
VMC
CORPORATION AND SHIMANO EUROPE BV
    * HAVE AGREED TO TERMINATE VARIOUS DISTRIBUTION AGREEMENTS
BETWEEN
PARTIES IN SOME EUROPEAN COUNTRIES AND SOUTH-AFRICA
    * PARTIES HAVE AGREED TO TERMINATE DISTRIBUTION OF SHIMANO
PRODUCTS IN 10 COUNTRIES EFFECTIVE OCTOBER 1, 2020
    * IN YEAR 2017 CO'S SALES OF SHIMANO PRODUCTS IN COUNTRIES
WHERE
DISTRIBUTION DEAL WILL TERMINATE WAS SOME 26 MEUR, REPRESENTING
CA. 10 % OF TOTAL SALES
    * YEAR 2018 SALES FIGURES WILL BE DISCLOSED AS PART OF
ANNOUNCING
2018 ANNUAL ACCOUNTS

Source text for Eikon:  ID:nGNE9ddpn1 
Further company coverage:  RAP1V.HE 

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