Brief: Rottneros Acquires Nykvist Skogs

Rottneros AB

04/11/2019 10:06

Nov 4 (Reuters) - Rottneros AB  RROS.ST :
    * ROTTNEROS ACQUIRES NYKVIST SKOGS AB
    * NYKVIST SKOGS WILL CONTINUE TO DEVELOP AS AN AUTONOMOUS
AND
INDEPENDENT RAW MATERIAL OPERATOR.
    * SELLERS OF NYKVIST SKOGS ARE PÄR SKINNARGÅRD AND SVEN
NYKVIST
    * WILL INCREASE LONG-TERM AVAILABILITY OF FOREST RAW
MATERIALS
OFFERED BY PRIVATE FOREST OWNERS
    * PARTIES HAVE DECIDED NOT TO DISCLOSE PURCHASE PRICE
    * NYKVIST SKOGS' CEO, PÄR SKINNARGÅRD, WILL CONTINUE TO LEAD
BUSINESS AND ALL EMPLOYEES ARE INTENDED TO REMAIN IN COMPANY.
    * COMPANY WILL BE CONSOLIDATED IN ROTTNEROS' ACCOUNTS AS OF
JANUARY 1, 2020.
    * IT WILL NOT HAVE A MATERIAL IMPACT ON GROUP'S SALES AND
EARNINGS

Source text for Eikon:  ID:nWkr8kGJjk 
Further company coverage:  RROS.ST 

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