Brief: Uponor To Acquire Remaining 44.7% Stake In Its Subsidiary Uponor Infra

Uponor Oyj

15/05/2023 11:15

May 15 (Reuters) - Uponor Oyj  UPONOR.HE :
    * INSIDE INFORMATION: UPONOR TO ACQUIRE THE REMAINING 44.7%
STAKE
IN ITS SUBSIDIARY UPONOR INFRA OY FROM KWH GROUP
    * ACQUISITION PRICE IS APPROXIMATELY EUR 60 MILLION AND
UPONOR
WILL FINANCE ACQUISITION WITH CASH AND NEW DEBT
    * WILL INCREASE ITS SHAREHOLDING IN UPONOR INFRA OY FROM
55.3% TO
100%
    * CLOSING EXPECTED TO TAKE PLACE IN Q3 OF 2023

Source text for Eikon:  ID:nGNE4jY6rQ 
Further company coverage:  UPONOR.HE 

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