Brief: Columbus Says Enters Into Agreement Regarding Divestment Of To-Increase

Columbus A/S

21/12/2020 23:47

Dec 21 (Reuters) - Columbus A/S  COLUM.CO :
    * COLUMBUS ENTERS INTO AGREEMENT REGARDING DIVESTMENT OF
TO-INCREASE
    * SALE OF TO-INCREASE WILL IMPACT CORPORATE EQUITY BY
APPROXIMATELY EUR 98M
    * COLUMBUS- ENTERED DEAL TO DIVEST SOFTWARE SUBSIDIARY
TO-INCREASE
TO GILDE BUY OUT PARTNERS AND MANAGEMENT OF TO-INCREASE FOR A
PRICE OF EUR 113 MILLION
    * DIVESTMENT WILL NOT AFFECT ANNOUNCED EXPECTATIONS FOR
REVENUE
AND EBITDA FOR 2020 FOR CONTINUED BUSINESS
    * COLUMBUS  - PROCEEDS WILL BE PAID IN CASH UPON CLOSING OF
TRANSACTION
    * AGREEMENT HAS BEEN ENTERED INTO FOLLOWING A BINDING OFFER
WHICH
COLUMBUS RECEIVED FROM GILDE BUY OUT PARTNERS

Source text for Eikon:  ID:nGNE199Zcx 
Further company coverage:  COLUM.CO 

 ((Reuters.Briefs@thomsonreuters.com;))