Brief: Systemair To Divest Its Commercial Air-Conditioning Business To Panasonic
17/11/2022 07:09
Nov 17 (Reuters) - Systemair AB SYSR.ST :
* REG- SYSTEMAIR TO DIVEST ITS COMMERCIAL AIR-CONDITIONING
BUSINESS TO PANASONIC
* HAS ENTERED INTO AN AGREEMENT WITH PANASONIC CORPORATION'S
HEATING & VENTILATION A/C COMPANY INTENDING TO DIVEST
AIR-CONDITIONING BUSINESS OF SYSTEMAIR AT AN ENTERPRISE VALUE OF
100 MILLION EUROS ON A CASH- AND DEBT FREE BASIS.
* TRANSACTION IS SUBJECT TO REGULATORY APPROVALS, COMPLETION
OF
NECESSARY HR CONSULTATIONS AND STANDARD CLOSING CONDITIONS, WITH
FORECASTED CLOSING DURING FIRST HALF OF 2023.
Source text for Eikon: ID:nGNE3Zh013
Further company coverage: SYSR.ST
(Gdansk Newsroom)
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