Brief: KH Group Divests HTJ And Updates Guidance For 2024

KH Oyj

07/06/2024 10:14

June 7 (Reuters) - KH Group Oyj  KHG.HE :
    * KH GROUP INSIDE INFORMATION: KH GROUP DIVESTS HTJ AND
UPDATES
GUIDANCE FOR 2024
    * KH GROUP, TOGETHER WITH OTHER SHAREHOLDERS OF HTJ HOLDING
OY,
HAS TODAY SIGNED AN AGREEMENT ON SALE OF SHARES TO XPARTNERS
GROUP COMPANY XPARTNERS FINLAND HOLDING OY
    * COMPLETION OF TRANSACTION REQUIRES APPROVAL OF FINNISH
COMPETITION AUTHORITIES
    * FOLLOWING EFFECTS OF SALE, KH GROUP'S PRO FORMA GUIDANCE
FOR
2024 IS AS FOLLOWS: NET SALES OF EUR 370-390 MILLION AND
OPERATING PROFIT OF EUR 9-13 MILLION INCLUDING CAPITAL GAIN FROM
INDOOR'S PROPERTY SALE IN ESTONIA
    * DEBT-FREE PURCHASE PRICE OF SHARE TRANSACTION IS EUR 23.0
MILLION
    * KH GROUP'S HOLDING IN HTJ IS 91.7%, AND ITS SHARE OF
PURCHASE
PRICE AFTER DEDUCTION OF NET DEBT AND TRANSACTION COSTS IS AN
ESTIMATED EUR 13.2 MILLION
    * FINAL PURCHASE PRICE WILL BE SPECIFIED AT TIME OF SALE

Source text for Eikon:  ID:nGNE4Vz1J8 
Further company coverage:  KHG.HE 

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