Brief: Vivesto Winds Down Its Activities In Russia

Vivesto AB

05/07/2022 07:46

July 5 (Reuters) - Vivesto AB  VIVE.ST :
    * VIVESTO WINDS DOWN ITS ACTIVITIES IN RUSSIA
    * THIS MEANS THAT DISTRIBUTION ACTIVITIES FOR PACLICAL®
(APEALEA)
IN RUSSIA AND COMMONWEALTH OF INDEPENDENT STATES (CIS) WILL BE
PAUSED UNTIL FURTHER NOTICE
    * WIND DOWN OF VIVESTO'S ACTIVITIES IN RUSSIA MEANS THAT A
WRITE
DOWN OF SEK 44.6 MILLION WILL BE CARRIED OUT
    * WRITE-DOWN HAS NO IMPACT ON COMPANY'S CASH FLOW AND HAS NO
MATERIAL EFFECT ON COMPANY'S FINANCIAL POSITION IN GENERAL

Source text for Eikon:  ID:nMFN7lSZnV 
Further company coverage:  VIVE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))