June 29, 2020 / 6:14 AM / 13 days ago

BRIEF-Agta Record Disposes Of 5 Activities In Framework Of Transaction With Assa Abloy

June 29 (Reuters) - Agta Record AG:

* DISPOSES OF 5 ACTIVITIES IN FRAMEWORK OF TRANSACTION WITH ASSA ABLOY

* DIVESTED ACTIVITIES REPRESENTED IN 2019 CUMULATIVE TURNOVER OF ABOUT EUR 93 MILLION OR ABOUT 20% OF AGTA RECORD TURNOVER

* TOTAL AMOUNT OF THESE DISPOSALS IS 100 MILLION EUROS ON A CASH BASIS AND WITHOUT DEBT

* DISPOSALS TO BE COMPLETED IN Q3

* ACQUISITION OF THE MAJORITY OF AGTA RECORD SHOULD BE FINALIZED IN JULY 2020 Source text for Eikon: Further company coverage:, (Gdansk Newsroom)

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