Brief: Positive Tax Restructuring In Beijer Ref's US Operations

Beijer Ref AB (publ)

30/11/2023 07:34

Nov 30 (Reuters) - Beijer Ref AB (publ)  BEIJb.ST :
    * POSITIVE TAX RESTRUCTURING IN BEIJER REF'S US OPERATIONS
    * TAX RESTRUCTURING HAS RESULTED IN AN INCREASE IN TAX BASE
OF US
OPERATIONS BY AN ADDITIONAL APPROXIMATELY MUSD 235
    * TOGETHER WITH NOW EXPANDED TAX BASE, PAYABLE TAX IN US
OPERATIONS IS EXPECTED TO BE POSITIVELY IMPACTED BY
APPROXIMATELY MUSD 200 OVER A 15-YEAR PERIOD
    * TAX RESTRUCTURING ALSO MEANS THAT A CURRENTLY RECOGNIZED
DEFERRED TAX LIABILITY OF ABOUT MUSD 40.6 (CORRESPONDING TO
ABOUT MSEK 440)
    * POSITIVE IMPACT ON EARNINGS IS A ONE-OFF EFFECT AND DOES
NOT
CORRESPOND TO A LIQUIDITY EVENT

Source text for Eikon:  ID:nWkr8vjMFT 
Further company coverage:  BEIJb.ST 

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