Eltel divests its Swedish business area Aviation & Security
Eltel has signed an agreement to divest its business area Aviation & Security to LFV, Air Navigation Services of Sweden. The total consideration of the transaction is about EUR 17 million. The transaction is expected to close during Q2, 2020.The transaction is estimated to give a positive cash flow impact of EUR 17 million and have a net positive result of approximately EUR 6 million on Group EBIT. The divestment is subject to customary approvals. LFV has made the assessment that the business should be conducted under LFV management. This is based on the resumed total defence situation,