ECONOMY

Westnet completes purchase of Sunlight batteries

Westnet completes purchase of Sunlight batteries

Sunlight Systems on Friday announced it had completed the sale of the consumer battery branch of its business to Westnet Distribution SA, a member of Olympia Group which is active in the sale of technology products, for 5.36 million euros.

In a press release, Sunlight Systems said PriceWaterhouseCoopers completed the evaluation report.

The consumer battery branch of the business generated annual turnover of 10.1 million euros in 2017, while results showed a pre-tax and interest loss of 39,000 euros.

The transaction is expected to improve Sunlight Systems’ net position by 1.2 million euros.

Business
READ MORE
Papoutsanis sales rise 19.8 percent in H1
ECONOMY

Papoutsanis sales rise 19.8 percent in H1

Register for short-term rentals remains elusive
ECONOMY

Register for short-term rentals remains elusive

The Folli Follie case has only just begun, warns QCM head
ECONOMY

The Folli Follie case has only just begun, warns QCM head

Folli Follie given a rather small fine
ECONOMY

Folli Follie given a rather small fine

Japan Tobacco confirms SEKAP will continue to operate
ECONOMY

Japan Tobacco confirms SEKAP will continue to operate

BSH puts off Piraeus factory shutdown
ECONOMY

BSH puts off Piraeus factory shutdown

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.