Brief: Strongpoint Divests Labels Business

Strongpoint ASA

28/06/2021 08:31

June 28 (Reuters) - Strongpoint ASA  STRONG.OL :
    * STRONGPOINT INCREASES ITS FOCUS ON GROCERY RETAIL AND
DIVESTS
LABELS
    * TO DIVEST ITS LABELS BUSINESS TO VOLATI TRYCK HOLDING AB,
A
SWEDISH INDUSTRIAL GROUP
    * COMPLETION OF TRANSACTION IS SUBJECT TO SOME CLOSING
ACTIVITIES
AND IS EXPECTED TO OCCUR IN TWO STEPS DURING Q3 2021
    * SALE OF LABELS BUSINESS WILL GENERATE AN ACCOUNTING NET
GAIN OF
APPROXIMATELY 165 MNOK
    * LABELS BUSINESS HAS 75 EMPLOYEES LOCATED IN SWEDEN AND
NORWAY
AND HAD A REVENUE OF 185 MNOK IN 2020 AND EBITDA OF 30 MNOK

Source text for Eikon:  ID:nObiD7Yg3a 
Further company coverage:  STRONG.OL 

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