Brief: Swiss Prime Site To Sell Wincasa To Implenia

Implenia AG

30/03/2023 06:04

March 30 (Reuters) - Swiss Prime Site AG  SPSN.S :
    * TO SELL WINCASA TO IMPLENIA
    * YESTERDAY SIGNED AN AGREEMENT TO SELL ITS WINCASA GROUP
COMPANY
TO IMPLENIA FOR CHF 235 MILLION
    * THROUGH SALE, SWISS PRIME SITE WILL RECEIVE AROUND CHF
181.6
MILLION (INCL. INTRA-GROUP DIVIDEND PAYMENT FOR 2022) IN CASH
    * SUBJECT TO REGULATORY APPROVAL, TRANSACTION IS EXPECTED TO
CLOSE
IN Q2 AND ECONOMIC INTEREST WILL BE TRANSFERRED RETROSPECTIVELY
AS OF 1 JANUARY 2023
    * PLANS TO USE PROCEEDS TO REDUCE ITS FINANCIAL LIABILITIES
AND
THUS FURTHER STRENGTHEN ITS BALANCE SHEET

Source text for Eikon:  ID:nEQ6QSPLva 
Further company coverage:  SPSN.S 

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