Brief: British Automotive Holding Sells 100% Stake In BA Car Rental

British Automotive Holding w Upadlosci SA

09/04/2020 11:08

April 9 (Reuters) - British Automotive Holding SA  BAHP.WA :
    * SAID ON WEDNESDAY IT HAS SIGNED A DEAL TO SELL 100% STAKE
IN BA
CAR RENTAL TO TURBACZ 1310
    * DEAL FOR TOTAL PRICE OF 5,000 ZLOTYS
    * NOMINAL VALUE OF STAKE IS 1 MILLION ZLOTYS
    * BA CAR RENTAL HAS NEGATIVE EQUITY
    * THE COMPANY DECIDED TO SELL STAKE DUE TO BA CAR RENTAL NOT
ACHIEVING SATISFACTORY RESULTS FROM ITS ACTIVITIES
    * AS A RESULT OF DEAL GROUP WITHDRAWS FROM SHORT-TERM CAR
RENTAL
IN POLISH MARKET

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM852vX3a
    
 Further company coverage:  BAHP.WA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))