Brief: Enea To Divest Software Development Services Business

Enea AB

07/04/2022 06:37

April 7 (Reuters) - Enea AB  ENEA.ST :
    * ENEA TO DIVEST SOFTWARE DEVELOPMENT SERVICES BUSINESS
    * ENEA AB - ENEA AB HAS SIGNED AN AGREEMENT TO DIVEST ITS
SOFTWARE
DEVELOPMENT SERVICES BUSINESS TO AROBS TRANSILVANIA SOFTWARE
(AROBS),
    * ENEA AB - TRANSACTION ENTAILS A DIVESTMENT OF 100 PERCENT
OF
SHARES IN ENEA SOFTWARE AB'S WHOLLY OWNED UNIT ENEA SERVICES
ROMANIA SRL
    * ENEA AB - AT AN ENTERPRISE VALUE OF EUR 17.9 MILLION ON A
CASH
AND DEBT FREE BASIS
    * ENEA AB - TRANSACTION WILL INCREASE NET RESULT FOR ENEA
WITH
APPROXIMATELY SEK 115 MILLION
    * ENEA AB - TRANSACTION IS EXPECTED TO CLOSE DURING Q2 2022
    * ENEA AB - TRANSACTION COSTS ARE ESTIMATED TO APPROXIMATELY
SEK
11 MILLION, INCLUDING SEPARATION PROCESS AND OPERATIONAL
REALIGNMENT AS A CONSEQUENCE OF DIVESTMENT

Source text for Eikon:  ID:nMFN2613KK 
Further company coverage:  ENEA.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))