Brief: Eastnine Sells Its Entire Holding In Komercijalna Banka Skopje

Eastnine AB (publ)

21/03/2018 12:42

March 21 (Reuters) - EASTNINE AB (PUBL)  EAST9.ST :
    * EASTNINE SELLS ITS STAKE IN KOMERCIJALNA BANKA SKOPJE
    * ‍TOTAL CONSIDERATION AMOUNTS TO APPROXIMATELY EUR 13.9M,
WHICH
IS EUR 3.6M OR 34.9% ABOVE FAIR VALUE AS OF 31 DEC 2017​
    * ‍SALE GIVES EASTNINE A TOTAL RETURN ON ITS INVESTMENT OF
26.4%
AND AN IRR OF 3.8% SINCE FEBRUARY 2011​
    * ‍SOLD ITS ENTIRE HOLDING OF 10.0% IN MACEDONIAN BANK
KOMERCIJALNA BANKA AD SKOPJE​

Source text for Eikon:  ID:nWkr8KcltS 
Further company coverage:  EAST9.ST 

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