Lehto Group Plc: The sale of Lehto’s pipeline renovation business has been completed
Lehto Group PlcInsider information14 June, 2022 at 3.00 p.m. (EET)The sale of Lehto’s pipeline renovation business to Renevo Group Oy has been completed today. Lehto has received an initial purchase price of approximately EUR 32 million in cash. The transaction comprised the entire share capital of Remonttipartio Oy, a wholly owned subsidiary of Lehto, including approximately EUR 2,8 million cash reserves. The initial purchase price is later adjusted by amount that is based on cash reserves, interest bearing debt and net working capital on the transaction date. Pipeline renovation