Cloetta has today completed the divestment of Cloetta Italy to Katjes International. The proceeds will generate a positive net cash effect of SEK 415m during 2017.
The divestment of Cloetta Italy was made public on 6 July, 2017 and follows Cloetta’s strategy to focus more on the business in North-Western Europe including the recently acquired Candyking business. The sale equals an Enterprise Value (EV) of SEK 450m. For additional information on the divesture, reference is made to the previous press release dated 6 July, 2017.
The information was submitted, by the below contact person, for publication on 5 September, 2017 at 2:00 pm CET.
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.