Eltek To Evaluate Strategic Options - Quick Facts

(RTTNews) - Eltek ASA Friday said its Board of Directors is currently evaluating strategic options for the future development of the company, including a potential sale.

The strategic review is intended to further enhance Elteks competitive position and to maximise shareholder value. The firm has been in contact with certain parties with respect to this process.

Over recent years, Eltek has completed a strategic realignment, including a series of divestments of non-core, under-performing businesses, and has significantly enhanced the financial profile of the company.

The Board of Directors believes that Eltek is now well positioned to enter a new phase of value creation, and has has retained Citigroup Global Markets and Arctic Securities as financial advisors in connection with the strategic review.