Brief: Netcompany Group And Copenhagen Airports To Form Joint Venture

Copenhagen Airports A/S

09/10/2020 08:00

Oct 9 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * COPENHAGEN AIRPORTS AND NETCOMPANY TO FORM JOINT VENTURE
DEVELOPING A DIGITAL AIRPORT PLATFORM
    * COPENHAGEN AIRPORTS AND NETCOMPANY SAY THEY ENTERED INTO
AGREEMENT TO ESTABLISH JV WITH AIM TO DEVELOP AND MARKET A FULLY
DIGITAL PLATFORM FOR AIRPORT MANAGEMENT
    * COPENHAGEN AIRPORT WILL BE MAIDEN CUSTOMER ON PLATFORM,
WHICH IS
EXPECTED TO BE COMPLETED IN FALL 2021
    * JOINT VENTURE WILL BE ESTABLISHED BY FORMATION OF A
JOINTLY
OWNED COMPANY NAMED SMARTER AIRPORTS A/S
    * CPH AND NETCOMPANY WILL EACH OWN 50% OF SMARTER AIRPORTS
A/S,
WHICH WILL BE FORMED WITH A TOTAL SHARE CAPITAL OF DKK 150M OF
WHICH DKK 100M WILL BE PAID IN CASH IN CONNECTION WITH
ESTABLISHMENT
    * AS PART OF JOINT VENTURE, SMARTER AIRPORTS A/S AND
NETCOMPANY
HAVE ENTERED INTO A DEVELOPMENT AGREEMENT FOR PLATFORM

Source text for Eikon:  ID:nGNE9J3X34 
Further company coverage:  NETCG.CO 

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