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Coala Life divests the subsidiary Departments and Stores Europe AB for SEK 22.2 million

Coala-Life Group AB (publ) has today, via its subsidiary Portwear AB, entered into an agreement to sell all shares in Department and Stores Europe AB to AB Sagax. The transaction is conditional and the closing of the transaction is subject to customary terms, closing of the transaction is planned for March 1, 2022. The completed transaction brings in a sales proceeds of approximately SEK 22.2 million and gives a positive profit effect of approximately SEK 11.6 million.