Brief: Cembra Money Bank: Subsidiary Cashgate Agrees To Sell Rental Guarantee Business

Cembra Money Bank AG

08/11/2019 16:38

Nov 8 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * CASHGATE AG, A 100% SUBSIDIARY OF CEMBRA MONEY BANK AG,
AGREED
WITH A GROUP OF REAL ESTATE MANAGEMENT COMPANIES TO SELL RENTAL
GUARANTEE BUSINESS CURRENTLY OPERATING UNDER SMARTCAUTION BRAND
    * PARTIES HAVE MUTUALLY AGREED TO NOT DISCLOSE PURCHASE
PRICE
    * MAINTAINS ITS COMMUNICATED EARNINGS PER SHARE (EPS)
GUIDANCE FOR
2019

Source text for Eikon:  ID:nTENme1wqa 
Further company coverage:  CMBN.S 

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