Fortenova vend Pik Vrbovec

The Pik Vrbovec divestiture will result in Fortenova's net debt-to-EBITDA ratio improving by minimum 0.3-0.5x within 180 days post-completion, reflecting improved financial leverage.

Fortenova will allocate minimum 60% of Pik Vrbovec sale proceeds (estimated €50-80 million) toward debt reduction within 90 days, as evidenced by quarterly financial statements showing decreased net debt position.

Fortenova's stock price will increase by 3-5% within 30 days following the completion of the Pik Vrbovec sale announcement, driven by positive market reaction to the divestiture and debt reduction strategy.