Brief: HanseYachts Obtains Put Option For Selling Shareholding In Privilège Marine

HanseYachts AG

16/06/2022 15:01

June 16 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * OBTAINS PUT OPTION FOR SELLING SHAREHOLDING IN PRIVILÈGE
MARINE
SAS
    * EXPECTS TRANSACTION TO BE EXECUTED BY OCTOBER 2022 AT
LATEST
    * TRANSACTION IS STILL SUBJECT TO FURTHER CONDITIONS
    * IF HANSEYACHTS EXERCISES PUT OPTION AFTER RECEIVING
STATEMENT OF
WORKS COUNCIL OF PRIVILÈGE MARINE SAS, WHICH MUST BE CONSULTED
BEFOREHAND UNDER FRENCH LAW, CORRESPONDING SHARE PURCHASE
AGREEMENT CAN BE EXPECTED TO BE CONCLUDED UNTIL JULY 2022
    * IN EVENT OF DECONSOLIDATION, MANAGEMENT BOARD EXPECTS
CORRESPONDING REVENUE REDUCTIONS FROM FISCAL YEAR 2022/2023
ONWARDS DUE TO DISCONTINUATION OF CATAMARAN SALES (CURRENTLY
CONTRIBUTING APPROXIMATELY 6% TO CONSOLIDATED REVENUE IN CURRENT
FINANCIAL YEAR 2021/2022)

Source text for Eikon:  ID:nEQ8bbwGwa 
Further company coverage:  H9YG.DE 

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