Reuters logo
BRIEF-Lithuania approves ICA's acquisition of IKI with reservations
18. Oktober 2017 / 15:14 / in einem Monat

BRIEF-Lithuania approves ICA's acquisition of IKI with reservations

Oct 18 (Reuters) - Ica Gruppen Ab

* Lithuanian competition authority approves ICA Gruppen’s acquisition of IKI with reservations

* Says ‍authority has given its clearance to deal under condition that 17 specific stores be sold prior to completion of transaction​

* Says ‍ambition is to close deal before year-end, however, if divestment process takes longer, closing could be delayed until Q1 of 2018​

* Says ‍divestments are not expected to materially affect overall value creation of acquisition, or previously communicated annual cost synergies of approximately eur 15 mln when fully realised in 2020​

* Says the 17 stores that will be divested accounted for 49 milion EUR in net sales during 2016 Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)

Unsere Werte:Die Thomson Reuters Trust Principles
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below