Brief: Santa Fe Group sells the Records Management activities in China

Det Oestasiatiske Kompagni A/S

16/11/2017 07:45

Nov 16 (Reuters) - SANTA FE GROUP A/S  SFGR.CO : 
    * SANTA FE GROUP SELLS THE RECORDS MANAGEMENT ACTIVITIES IN 
CHINA 
COMPANY ANNOUNCEMENT NO 9/2017 
    * RECORDS MANAGEMENT ACTIVITIES IN CHINA AND THE WAREHOUSE 
IN 
BEIJING WILL BE SOLD TO IRON MOUNTAIN 
    * SANTA FE GROUP A/S - DIVESTMENT IS EXPECTED TO RESULT IN A 
NET 
GAIN OF ABOUT EUR 19M AND NET PROCEEDS AFTER TAX OF AROUND EUR 
15M 
    * SANTA FE GROUP A/S - ACTIVITIES BEING SOLD EXPECTED TO 
GENERATE 
FY REVENUE OF AROUND EUR 4.5M AND EBITDA RESULT OF AROUND EUR 2M 
    * SANTA FE GROUP A/S - CLOSING IS ANTICIPATED TOWARDS THE 
END OF 
2017 BUT COULD BE DELAYED INTO 2018 
 
Source text for Eikon:  ID:  
Further company coverage:  SFGR.CO  
 
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