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.“I am very pleased that we have found a new home for our Italian brands, factories and employees. We already know Katjes and are well aware of their business experience and good employer track record. I am convinced that they will be able to manage and develop the business going forward. This is a very good solution for all parties and follows Cloetta’s strategy to