Corticeira Amorim's Unit Sells Its Timberman Denmark Stake To Salix Group

T-Reuters12-12

Corticeira Amorim SGPS SA :Amorim Cork Flooring Sells Entire Net Stake In Timberman Denmark To Salix Group.Deal For 23.7 Million Euros.This Transaction Generates An Estimated Gain Of Around 14 Million Euros In Corticeira Amorim'S Consolidated Accounts.Timberman Denmark And Amorim Cork Sweden Remain Distributors Of Acf'S Flooring Products In Denmark And Sweden.This Change Occurs In Parallel With Launch, In 2025, Of New Unit Amorim Cork Solutions, Which Will Be Part Of Amorim Cork Composites.

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