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BRIEF-Bjorn Borg relocates sportswear operations to Stockholm
December 8, 2014 / 7:38 AM / in 3 years

BRIEF-Bjorn Borg relocates sportswear operations to Stockholm

Dec 8 (Reuters) - Bjorn Borg AB

* Björn Borg relocates sportswear operations to Stockholm

* Bjorn Borg AB (publ) has acquired the shares of Baseline B.V. in the subsidiary Bjorn Borg Sport B.V.

* The shares acquired from Baseline represent 49.58% of total shares in Björn Borg Sport

* After the acquisition Björn Borg will hold 99.63% of outstanding shares in the company

* Estimate is that the total purchase price payable for the shares will not exceed 700 KEUR

* Says wind down of operations in Bjorn Borg sport in Netherlands will entail some one-time cost implications that will mainly be taken in Q4 2014, estimated to not exceed 750 keur

* Says the sportswear operations are financially anticipated to be able to contribute positively to björn borg group already in 2015 Source text for Eikon: Further company coverage:

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