Brief: Eniro To Divest Proff To Asiakastieto Group

Enento Oyj

20/05/2019 07:35

May 20 (Reuters) - Eniro Ab  ENRO.ST :
    * ENIRO TO DIVEST ITS SCANDINAVIAN B2B AND FINANCIAL SEARCH
OPERATIONS PROFF TO ASIAKASTIETO GROUP
    * DIVESTMENT IS IN LINE WITH ENIRO'S STRATEGY TO FOCUS ON
DIGITAL
MARKETING SERVICES IN NORDIC AREA.
    * PURCHASE PRICE AMOUNTS TO SEK 120M
    * PURCHASE PRICE WILL BE PAID IN CASH ON CLOSING DATE WHICH
IS
EXPECTED TO OCCUR JULY 1, 2019
    * SALE HAS ONE-TIME EFFECTS: POSITIVE CASH FLOW EFFECT OF
ABOUT
SEK 115M AND NEGATIVE EFFECT ON GROUP LEVEL EARNINGS OF ABOUT
SEK -25M.
    * SAYS BALANCE SHEET TOTAL DECLINES BY ALMOST SEK 90M AND
EQUITY
RATIO IMPROVES MARGINALLY
    * TRANSACTION IS NOT CONSIDERED TO HAVE ANY TAX EFFECTS.

Source text for Eikon:  ID:nWkr7wMqQJ 
Further company coverage:  ENRO.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))