Brief: B2holding Signs Agreement For Sale Of Subsidiary In Bulgaria
19/08/2022 13:51
Aug 19 (Reuters) - B2holding ASA B2H.OL :
* B2HOLDING ASA SIGN AGREEMENT FOR SALE OF SUBSIDIARY IN
BULGARIA
* HAS SIGNED AN AGREEMENT TO SELL 100% OF SHARES IN ITS
BULGARIAN
SUBSIDIARY, DEBT COLLECTION AGENCY EAD ("DCA"), TO A LOCAL
SPECIAL PURPOSE VEHICLE COMPANY
* TRANSACTION WILL TRIGGER A NON-CASH IMPAIRMENT OF NOK 105
MILLION AFTER TAX.
* TOTAL PROCEEDS RECEIVED FROM SALE OF DCA IS EUR 48.4
MILLION
WHICH AFTER ADJUSTMENTS REPRESENT CLOSE TO 100% OF BOOK VALUE OF
PORTFOLIOS
* CLOSING OF TRANSACTION IS SUBJECT TO RELEVANT REGULATORY
APPROVALS IN BULGARIA AND IS EXPECTED IN OCTOBER THIS YEAR
Source text for Eikon: ID:nObix60w7a
Further company coverage: B2H.OL
(Gdansk Newsroom)
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