Brief: H+H International Divests Its Russian Business

H+H International A/S

01/11/2019 06:36

Nov 1 (Reuters) - H+H International A/S  HHDC.CO :
    * REG-H+H INTERNATIONAL A/S DIVESTS ITS RUSSIAN BUSINESS
    * AGREED ENTERPRISE VALUE OF BUSINESS IS DKK 93 MILLION
    * NET PROCEEDS ARE DKK 115 MILLION AND ARE PAYABLE IN CASH
    * NET PROCEEDS WILL REDUCE NET INTEREST-BEARING DEBT AND
WILL BE
USED TO DEVELOP EXISTING BUSINESS AND PURSUE VALUE-ADDED
INVESTMENTS IN FORM OF ACQUISITIONS

Source text for Eikon:  ID:nGNE28505G 
Further company coverage:  HHDC.CO 

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