Brief: Humble Enters Into Letter Of Intent Regarding Sale Of Real Estates

Humble AB

12/07/2023 05:15

July 12 (Reuters) - Humble Group AB  HUMBLE.ST :
    * HUMBLE ENTERS INTO LETTER OF INTENT REGARDING SALE OF REAL
ESTATES
    * PRELIMINARY AGREED VALUE OF THE PROPERTIES AMOUNTS TO
APPROXIMATELY SEK 300 MILLION
    * LOI REGARDING SALE OF TWELVE PROPERTIES WITH OPTION FOR
INTERESTED PARTY TO ACQUIRE ONE ADDITIONAL PROPERTY
    * PRELIM AGREED VALUE OF TRANSACTION EXPECTED TO HAVE A
POSITIVE
PROFIT EFFECT OF APPROXIMATELY SEK 73 MILLION
    * HUMBLE GROUP - TRANSACTION WOULD IMPLY NET DEBT, AFTER
DEDUCTING
HUMBLE'S SHARE OF DEFERRED TAX, DECREASES BY APPROXIMATELY SEK
290 MILLION
    * HUMBLE GROUP - TRANSACTION WOULD STRENGTHEN LIQUIDITY BY
APPROXIMATELY SEK 210 MILLION
    * HUMBLE GROUP - IF OPTION PROPERTY IS INCLUDED IN THE
TRANSACTION, THE AGREED PROPERTY VALUE WILL INCREASE BY
APPROXIMATELY SEK 20 MILLION

Source text for Eikon:  ID:nWkr5ZtfmP 
Further company coverage:  HUMBLE.ST 

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