Brief: Burgenland Holding Informed That Business Operations In Commerzialbank Mattersburg Im Burgenland Aktiengesellschaft Are Prohibited

Burgenland Holding AG

15/07/2020 12:11

July 15 (Reuters) - BURGENLAND HOLDING AG  BHAV.VI :
    * WAS INFORMED TODAY BY ENERGIE BURGENLAND AG THAT IT
INVESTED A
MINOR PORTION, MEASURED AGAINST TOTAL VOLUME, OF ITS DAILY
ALLOWANCES IN COMMERZIALBANK MATTERSBURG IM BURGENLAND
AKTIENGESELLSCHAFT, WHOSE BUSINESS OPERATIONS HAVE BEEN
PROHIBITED WITH IMMEDIATE EFFECT
    * ENERGIE BURGENLAND ASSUMES SUBSTANTIAL PORTION OF SUCH
FUNDS
WILL NOT BE RECOVERABLE AND EXPECTS ONE-TIME NEGATIVE EFFECT ON
EARNINGS IN MID-SINGLE-DIGIT MILLION EURO RANGE FOR ITS 2019/20
FY
    * FINANCIAL RESULTS OF BURGENLAND HOLDING ARE LARGELY
DEPENDENT ON
FINANCIAL RESULTS OF ENERGIE BURGENLAND, IN WHICH IT HOLDS A 49%
INTEREST

Source text for Eikon:  ID:nEQ5VtF5ya 
Further company coverage:  BHAV.VI 

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