Brief: SKAKO Sells Remaining Ops, Re-brands
13/10/2025 06:51
Oct 13 (Reuters) - SKAKO A/S SKAKO.CO: SAID ON FRIDAY AGREED TO SELL REMAINING BUSINESS, SKAKO VIBRATION SALE AGREED AT PURCHASE PRICE EUR 37.5 MLN IN CASH BUYER IS VIBE HOLDING FOLLOWING SALE, SKAKO SEES NET CASH POSITION OF DKK 210.5 MLN, CORRESPONDING TO DKK 67.26 PER SHARE, EXCLUDING OPERATIONAL COSTS, POTENTIAL LIABILITIES RELATED TO SALE OF SKAKO VIBRATION AND EARLIER SALE OF SKAKO CONCRETE AIMS TO DISTRIBUTE DKK 150-160 MLN TO SHAREHOLDERS IN FORM OF DIVIDEND, CAPITAL REDUCTION OR BUY-BACK OR COMBINATION OF THESE DISTRIBUTION TO CORRESPOND TO ABOUT DKK 47.92-51.12 PER SHARE DISTRIBUTION TO TAKE PLACE NO EARLIER THAN AFTER APPROVAL OF ANNUAL REPORT FOR 2025 AT AGM IN 2026 AIMS TO INVEST REMAINING ABOUT DKK 50-60 MLN IN SHARES, BONDS OR COMBINATION OF BOTH CHRISTIAN HERSKIND JØRGENSEN IS EXPECTED TO REPLACE JENS WITTRUP WILLUMSEN AS CHAIRMAN OF SKAKO A/S CEO LIONEL GIRIEUD WILL END HIS SERVICE AS CEO OF SKAKO A/S AND WILL CONTINUE EMPLOYMENT IN SKAKO VIBRATION CARRIES OUT RE-BRANDING PROCESS, NEW CEO HAS NOT YET BEEN IDENTIFIED FOR 2025 SEES PRE-TAX PROFIT OF DKK 110-140 MLN, INCLUDING GAIN ON SALE OF VIBRATION BUSINESS Source text for Workspace: nGNE3Pz4FQ Further company coverage: SKAKO.CO (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))