Brief: Catella In Partnership With Athanase, Which Acquires Majority Of Shares In Catella Fondförvaltning

Catella AB

10/06/2020 07:33

June 10 (Reuters) - Catella AB  CATb.ST :
    * CATELLA IN PARTNERSHIP WITH ATHANASE, WHICH ACQUIRES
MAJORITY OF
THE SHARES IN CATELLA FONDFÖRVALTNING AB
    * IN CONJUNCTION, ATHANASE ACQUIRES 70 PERCENT OF SHARES IN
CATELLA FONDFÖRVALTNING AB ("CFF") FOR CASH CONSIDERATION OF SEK
126-154 MILLION, DEPENDING ON CFF'S DEVELOPMENT UNTIL
TRANSACTION DATE.
    * AGGREGATED LOSS AFTER TAX FOR CATELLA GROUP FOR THIS IS
EXPECTED
TO AMOUNT TO SEK -55 MILLION TO SEK -83 MILLION IN SECOND HALF
OF 2020.
    * CONSIDERATION CORRESPONDS TO CONSOLIDATED ENTERPRISE VALUE
OF
CFF AND EFFECT ON PROFIT OR LOSS IS ESTIMATED AT SEK -13 - +15
MILLION, DEPENDING ON CFF'S DEVELOPMENT UNTIL TRANSACTION DATE
    * CLOSING OF TRANSACTION IS SUBJECT TO CUSTOMARY REGULATORY
APPROVAL BY FINANSINSPEKTIONEN IN SWEDEN AND CSSF IN LUXEMBOURG,
WHICH IS EXPECTED TO BE OBTAINED IN SECOND HALF OF 2020
    * IN VIEW OF TRANSACTION, CONSOLIDATED DEFERRED TAX ASSETS
HAVE
BEEN REASSESSED, RESULTING IN AN IMPAIRMENT OF APPROXIMATELY SEK
70 MILLION
    * HAS RIGHT TO SELL AND ATHANASE RIGHT TO ACQUIRE REMAINING
30% OF
SHARES FOR PURCHASE PRICE OF SEK 60 MILLION

Source text for Eikon:  ID:nWkr8SXWPZ 
Further company coverage:  CATb.ST 

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