December 22, 2017 / 7:47 AM / a month ago

BRIEF-Raisio Agrees To Divest Its Confectionery Business

Dec 22 (Reuters) - Raisio Oyj:

* RAISIO PLC: RAISIO HAS AGREED ON THE DIVESTMENT OF ITS CONFECTIONERY BUSINESS TO FOCUS ON BRANDS ENHANCING WELL-BEING

* ‍ARRANGEMENT WILL BE CARRIED OUT AS A SHARE TRANSACTION AND ITS ENTERPRISE VALUE IS EUR 100 MILLION​

* EQUITY VALUE OF DEAL PAID BY BUYER IS EUR 77 MILLION.

* ‍FOR DIVESTMENT OF ITS CONFECTIONERY BUSINESS, RAISIO WILL RECORD DIVESTMENT LOSS OF SOME EUR 38 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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