Lehto Group Plc: Lehto sells its pipeline renovation business
Lehto Group PlcInsider information28 April, 2022 at 7.30 a.m. (EET)On 28 April 2022, Lehto has signed an agreement to sell its pipeline renovation business to Renevo Group Oy (“Transaction”). The Transaction comprises the entire share capital of Remonttipartio Oy, a wholly owned subsidiary of Lehto, with enterprise value (EV) of EUR 30.0 million. The final purchase price will be determined on the basis of interest-bearing liabilities, cash and net working capital at the time closing of the Transaction. Closing of the Transaction is subject to fulfilment of the typical contractual terms