April 30, 2019 / 5:02 AM / 25 days ago

BRIEF-Galenica To Buy Majority Stake In Bichsel Group

April 30 (Reuters) - GALENICA AG:

* BICHSEL FAMILY WILL RETAIN A MINORITY STAKE

* EXPECTS CONSOLIDATED NET SALES FOR 2019 TO BE SLIGHTLY HIGHER THAN IN PREVIOUS YEAR

* AIMS TO FURTHER INCREASE COMPARABLE OPERATING RESULT EBIT (EXCLUDING THE EFFECTS OF IAS 19 AND IFRS 16) BY BETWEEN 4% AND 7%

* PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE FOR MAJORITY STAKE IN BICHSEL GROUP Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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