Brief: Arbonia Considers Purchase Offers For The Climate Division And Publishes Annual Results For 2023

Arbonia AG

27/02/2024 06:05

Feb 27 (Reuters) - Arbonia Ag  ARBNO.S :
    * ARBONIA CONSIDERS PURCHASE OFFERS FOR THE CLIMATE DIVISION
AND
PUBLISHES ANNUAL RESULTS FOR 2023
    * REVENUE OF CONTINUING OPERATIONS DECREASED IN FY 2023 BY
9.2%,
FROM CHF 555.9 MILLION TO CHF 504.6 MILLION
    * ARBONIA - UPON CONCLUSION OF TRANSACTION, BOARD INTENDS TO
RETURN A SIGNIFICANT SHARE OF PROCEEDS TO SHAREHOLDERS, IN
ADDITION TO REDUCING DEBT
    * BOARD DECIDED TO CARRY OUT A STRUCTURED SALES PROCESS WITH
SEVERAL STRATEGIC PROSPECTIVE BUYERS
    * PROCESS AND NEGOTIATIONS WITH SEVERAL STRATEGIC POTENTIAL
BUYERS
ARE CURRENTLY AT AN ADVANCED STAGE
    * EXPECTS A CHALLENGING ENVIRONMENT IN ITS CORE MARKETS IN
FINANCIAL YEAR 2024 AS WELL.

Source text for Eikon:  ID:nEQ3vg4Lda 
Further company coverage:  ARBNO.S 

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