Brief: Raen Books 1.2 Mln Zloty Write-Down

Grupa Virtus SA

29/11/2023 06:57

Nov 29 (Reuters) - Raen SA  RAE.WA :
    * SAID ON TUESDAY IT BOOKS A WRITE-DOWN IN THE AMOUNT OF 
1.2 MLN
ZLOTYS TO COVER THE VALUE OF THE COMPANY'S STAKE IN WARSAW BASED
RAION GAMES 
    * COMPANY CURRENTLY HOLDS 19.6% OF SHARES IN RAION GAMES
    * FOLLOWING BOOKING OF THE WRITE-DOWN, THE VALUE OF RAION
GAMES
STAKE HELD BY COMPANY FELL TO 78,000 ZLOTYS FROM 1.2 MLN ZLOTYS
BEFORE
    * WRITE-DOWN WILL NOT AFFECT COMPANY'S 9-MONTH ADJUSTED
EBITDA 

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM92tQKfa
 Further company coverage:  RAE.WA  

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