Core Viewpoint - Aspo Plc has signed an agreement to divest its Leipurin business to Lantmännen for an enterprise value of EUR 63 million, with an estimated cash consideration of approximately EUR 60 million at closing, expected to be completed in the first quarter of 2026 [1][2]. Group 1: Transaction Details - The divestment of Leipurin is part of Aspo's strategy to maximize shareholder value and strengthen its balance sheet, enabling future growth investments for the Telko business [2][3]. - The transaction is subject to regulatory approvals and will be executed as a sale of shares covering all companies in the Leipurin segment [1][6]. - Upon completion, Aspo will record a sales gain of approximately EUR 16 million, which will impact its reported results [7]. Group 2: Financial Performance of Leipurin - In 2024, Leipurin's net sales were EUR 133.1 million, with a comparable EBITA of EUR 4.9 million and invested capital of EUR 49.7 million [5]. - Leipurin operates in the bakery, food industry, and food service markets across Finland, Sweden, and the Baltic countries, employing approximately 160 people [5]. Group 3: Strategic Implications - The acquisition of Leipurin by Lantmännen aligns with its strategy to enhance the value chain in food ingredients, providing opportunities for growth in existing and new markets [4]. - Leipurin will operate as a separate business within Lantmännen's Energy Division, which includes food ingredients operations [5].
Inside information: Aspo to divest its Leipurin business to Lantmännen
Globenewswire·2025-08-15 08:30