Brief: Sparta: Arbitration Proceedings Regarding Exclusion Of Minority Shareholders Of AXA Ended
22/06/2020 11:12
June 22 (Reuters) - SPARTA AG SPTG.F :
* ARBITRATION PROCEEDINGS REGARDING EXCLUSION OF MINORITY
SHAREHOLDERS OF AXA ENDED COMPARATIVELY
* BY JUNE 30, 2020, SPARTA AG WILL RECEIVE APPROX. 14
MILLION
EUROS INCLUDING INTEREST WITH A CORRESPONDING EARNINGS EFFECT
BEFORE TAXES FOR THE 2020 FINANCIAL YEAR.
* FOR THE CURRENT PERIOD FROM 2016 TO 2020, THE EXECUTIVE
BOARD
ASSUMES THAT THE AVERAGE FIVE-YEAR RETURN WILL BE IN THE ORDER
OF 9.5% (PREVIOUSLY: 3.0%)
Source text for Eikon: ID:nEQ7hkRY2a
Further company coverage: SPTG.F
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