Lindab divests Business Area Building Systems to Groupe Briand
Lindab has signed an agreement for the divestment of Business Area Building Systems, which is Lindab's division for steel buildings sold under the Astron brand. The buyer is the French construction company Groupe Briand. The acquisition is subject to anti-trust approval in Russia. Non-recurring costs, due to the divestment, are expected to amount to approximately SEK 430 million during the third quarter, without any impact on cash flow.Astron was acquired in 2005 and has operated as an independent unit within Lindab Group. In 2020, Astron's sales amounted to SEK 946 million, which