Brief: EAC divests Plumrose and will payout extra dividend
26/02/2014 14:15
COPENHAGEN, Feb 26 (Reuters) - Danish conglomerate The East Asiatic Company (EAC) OSTC.CO said in a statement on Wednesday: * Divests Venezuelan food business Plumrose for a total consideration of around 390 million Danish crowns to Denmark's Latam Foods Holding ApS * Considers the price attractive and intends to distribute 200 million crowns to shareholders as an interim dividend (DKK 16 per share) once the consideration has been received in full * Now sees 2013 revenue of 2,355 million crowns and an EBITDA of 68 million crowns from continuing operations * 2014 EBITDA is expected to be in the range of 135-155 million crowns driven by increased sales of high-margin services in Europe and the Middle East combined with lower cost ratio * 2014 Revenue is expected to be in the range of 2.355-2.550 million crowns, primarily driven by increased business from existing customers ((Copenhagen newsroom, tel: +45 33969655, e-mail: copenhagen.newsroom@thomsonreuters.com)) Source text for Eikon: ID:nCSE5dP0 ((For more news, double-click on OSTC.CO ))