Brief: Wetteri Sells Work-Life Training Companies In Finland

Wetteri Oyj

14/02/2024 08:15

Feb 14 (Reuters) - Wetteri Oyj  WETTERI.HE :
    * INSIDE INFORMATION: WETTERI PLC SELLS ITS WORK-LIFE
TRAINING
COMPANIES IN FINLAND, MANAGEMENT INSTITUTE OF FINLAND MIF OY AND
TIETURI OY
    * PURCHASE PRICE OF ACQUISITION CONSISTS OF A PURCHASE PRICE
OF
EUR 5.1 MILLION AND A PURCHASE PRICE THAT IS BASED ON NET
WORKING CAPITAL CALCULATION AT TIME OF EXECUTION AND ADJUSTMENTS
MADE TO IT
    * FOR 50 PERCENT OF PURCHASE PRICE, WETTERI GRANTS AN
INTEREST-BEARING LOAN WITH A LOAN PERIOD OF 5 YEARS OF WHICH
FIRST TWO YEARS ARE INSTALMENT-FREE
    * WORK-LIFE TRAINING BUSINESS WILL CONTINUE AS PART OF
PROFESSIO
GROUP
    * SELLING OF EDUCATION BUSINESS COMPANIES HAS NO EFFECT ON
WETTERI'S FINANCIAL GUIDANCE
    * BUYER IS PROFESSIO FINLAND OY

Source text for Eikon:  ID:nWkrc6bBpR 
Further company coverage:  WETTERI.HE 

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