Brief: Strongpoint Divests Cash Security Business

Strongpoint ASA

18/12/2020 07:05

Dec 18 (Reuters) - Strongpoint ASA  STRONG.OL :
    * STRONGPOINT FOCUSES ON RETAIL TECHNOLOGY STRATEGY AND
DIVESTS
CASH SECURITY BUSINESS
    * ENTERED INTO A DEFINITE AGREEMENT TO DIVEST CASH SECURITY
BUSINESS TO CENNOX NV
    * COMPLETION OF TRANSACTION IS SUBJECT TO CERTAIN CUSTOMARY
COMPLETION CONDITIONS AND IS EXPECTED TO OCCUR EITHER SHORTLY
BEFORE CHRISTMAS OR IN EARLY JANUARY
    * TRANSACTION WILL RESULT IN A POSTED FINANCIAL GAIN OF
APPROXIMATELY EUR 4.6 MILLION AND WILL BE BOOKED IN Q4 2020

Source text for Eikon:  ID:nObiS9h1Ga 
Further company coverage:  STRONG.OL 

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