Brief: Vestum Divests Majority Of Flowa Technology Segment For SEK 6.5 Bln
BRIEF-Vestum Divests Majority Of Flowa Technology Segment For SEK 6.5 Bln June 11 (Reuters) - Vestum AB VESTUM.ST
SAID ON WEDNESDAY DIVESTS THE MAJORITY OF ITS FLOWA TECHNOLOGY SEGMENT FOR SEK 6.5 BILLION ON A CASH- AND DEBT-FREE BASIS
DIVESTMENT IS EXPECTED TO RESULT IN A CAPITAL GAIN OF APPROXIMATELY SEK 3.5 BLN
BOARD OF DIRECTORS HAS ALSO APPOINTED CONNY RYK AS THE NEW CEO OF VESTUM, EFFECTIVE AS OF JUNE 10
Source text for Workspace: nMFN40B7gt
Further company coverage: VESTUM.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Vestum AB (publ)
See all newsBrief: Vestum Proposes Caroline Atelius As New Chairperson Of Board
Vestum jumps on $683 mln Flow Tech sale, plans special dividend
Brief: Vestum Divests Majority Of Flowa Technology Segment For SEK 6.5 Bln
Sweden's Vestum Q1 net sales drop, adjusted EBITA margin rises on organic growth
Brief: Vestum Q1 EBITA Sek 93 Million