Brief: Firstfarms Sells Northwest Romanian Activities

FirstFarms A/S

15/07/2021 14:32

July 15 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-FIRSTFARMS A/S SELLS NORTHWEST ROMANIAN ACTIVITIES
    * SALES PRICE FOR ACTIVITIES IS 104 MDKK
    * INCOME CONSTITUTES DIFFERENCE BETWEEN FAIR VALUE OF
ACQUIRED
ASSETS DEDUCTED ACQUISITION PRICE WITH SHARES AT MARKET PRICE AS
PER DATE OF TAKE-OVER IN 2020.
    * SALE RELEASES 100 MDKK IN FREE CASH FOR GROUP AND DOES NOT
CHANGE ANNOUNCED EXPECTATIONS FOR 2021, WHICH IS AN EBITDA IN
LEVEL OF 95-115 MDKK AND EBIT IN LEVEL OF 45-65 MDKK.
    * DEAL IS EXPECTED TO BE FINAL (CLOSING) BEFORE END OF 2021
    * IN CONNECTION WITH ACQUISITION IN 2020 A TOTAL OF 19.7
MDKK
BEFORE TAX HAS BEEN RECOGNISED AS INCOME

Source text for Eikon:  ID:nGNE44Szfx 
Further company coverage:  FFARMS.CO 

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