Cloetta has completed the divestment of its Italian operations
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.
Cloetta to divest its Italian operations
Cloetta has signed an agreement to sell Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of approximately SEK 415m.