Brief: Strax Board Of Directors Resolves To Split Group's Business Into Two Parts

Strax AB

28/11/2019 08:33

Nov 28 (Reuters) - Strax AB  STRAX.ST :
    * STRAX: NEW SIMPLIFIED GROUP STRUCTURE TO IMPROVE
PRESENTATION OF
THE COMPANY AND MAXIMIZE VALUE
    * STRAX BOARD OF DIRECTORS HAS RESOLVED TO SPLIT GROUP'S
BUSINESS
INTO TWO PARTS - OWN BRANDS AND DISTRIBUTION
    * BOTH BUSINESSES WILL REMAIN WHOLLY OWNED BY STRAX.
    * THIS CHANGE WILL PRESENT AN IMPROVED VIEW OF VALUE OF EACH
PART
OF GROUP'S BUSINESSES AND IS ALSO EXPECTED TO DELIVER A MORE
EFFECTIVE COST STRUCTURE, ONCE FULLY IMPLEMENTED.

Source text for Eikon:  ID:nWkrmY0T0 
Further company coverage:  STRAX.ST 

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