Brief: Bilia Sells Remaining Operations In Germany

Bilia AB

10/01/2022 07:33

Jan 10 (Reuters) - Bilia AB  BILIa.ST :
    * BILIA HAS REACHED AN AGREEMENT TO SELL THE REMAINING
OPERATIONS
IN GERMANY
    * SALE IS EXPECTED TO TAKE PLACE ON 1 FEBRUARY 2022 AND
RESULT IN
A LOSS OF ABOUT SEK 30 M, WHICH WILL BE REPORTED IN Q4 OF 2021
    * LOSS WILL BE REPORTED OUTSIDE OPERATING PROFIT, BUT WILL
BE
CHARGED TO OPERATING PROFIT FOR Q4 OF 2021.
    * BUSINESS DIVESTED IN GERMANY REPORTS SALES OF ABOUT SEK
800 M
AND AN OPERATING LOSS OF ABOUT SEK 30 M OVER PAST TWO YEARS
    * REACHED AN AGREEMENT TO SELL REMAINING FOUR BMW/MINI
FACILITIES
IN GERMANY TO AUTOHAUS KRAH + ENDERS GMBH & CO. KG, A BMW DEALER
IN GERMANY.

Source text for Eikon:  ID:nGNE49TpY9 
Further company coverage:  BILIa.ST 

 (Gdansk Newsroom)
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