Brief: Indus Holding Sells Company From Discontinued Operations

Indus Holding AG

07/07/2023 10:18

July 7 (Reuters) - INDUS HOLDING AG  INHG.DE :
    * SELLS COMPANY FROM DISCONTINUED OPERATIONS AS PLANNED
    * CONTRACT ON SALE OF SCHÄFER GROUP SIGNED
    * FURTHER MEASURES FROM 'PARKOUR PERFORM' STRATEGY UPDATE
IMPLEMENTED
    * SALE OF SCHÄFER GROUP WILL RESULT IN ENTITY'S
DECONSOLIDATION IN
Q3 OF 2023
    * PARTIES AGREED NOT TO DISCLOSE DETAILS OF CONTRACT
    * PLANS TO SELL LAST REMAINING COMPANY OF DISCONTINUED
OPERATIONS,
SELZER GROUP, BY END OF 2023
    * TRANSACTION HAS ONLY MINOR IMPACT ON BALANCE SHEET, WHICH
WILL
BE RECOGNIZED IN Q2
    * SALE OF SCHÄFER GROUP WILL RESULT IN ENTITY'S
DECONSOLIDATION IN
Q3 OF 2023.

Source text for Eikon:  ID:nEQ7BPtLa 
Further company coverage:  INHG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))