Brief: Baader Bank not to pursue sale of investment in Selan Holding GmbH

Baader Bank AG

21/11/2017 07:06

Nov 21 (Reuters) - BAADER BANK AG  BLMG.DE : 
    * SAID ON MONDAY HAD DECIDED TO NO LONGER PURSUE THE SALE OF 
THE 
INVESTMENT IN SELAN HOLDING GMBH FOR BUSINESS REASONS 
    * EXPECTS THERE TO BE A SIGNIFICANT IMPACT AT A GROUP LEVEL 
ON 
INDIVIDUAL POSITIONS OF THE CONSOLIDATED FINANCIAL STATEMENTS 
FOR THE CURRENT FY 
    * EXPECTS THE GROUP TO SEE AN INCREASE IN THE INCOME FROM 
ORDINARY 
BUSINESS ACTIVITIES, WITH A SIMULTANEOUS INCREASE FROM OTHER 
OPERATING INCOME, THE ADMINISTRATIVE COSTS AND INTEREST 
EXPENSES, AS WELL AS AN EXPANSION OF ASSETS AND THE TOTAL ASSETS 
AT GROUP LEVEL 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbbnktZ 
     
 Further company coverage:  BLMG.DE   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))