Brief: Kudelski Says Board Decided Not To Propose Dividend Payment, Initiated Process To Find Potential Acquirer For SKIDATA

Kudelski SA

22/02/2024 05:28

Feb 22 (Reuters) - Kudelski Sa  KUD.S :
    * FY USD 761.5 MILLION OF TOTAL REVENUES AND OTHER OPERATING
INCOME AND USD 28.7 MILLION OF EBITDA (ADDS DROPPED WORDS)
    * 2023 ANNUAL RESULTS
    * BOARD OF DIRECTORS HAS INITIATED A PROCESS TO FIND A
POTENTIAL
ACQUIRER FOR ITS PUBLIC ACCESS DIVISION (SKIDATA)
    * KUDELSKI GROUP HAS ENGAGED GOLDMAN SACHS INTERNATIONAL AS
FINANCIAL ADVISOR IN RELATION TO DIVESTMENT PROCESS FOR SKIDATA
    * AIMS TO FINALIZE SALE OF SKIDATA AHEAD OF BOND'S MATURITY
DATE.
    * EVALUATING VARIOUS ALTERNATIVE FINANCING OPTIONS IN CASE
THERE
SHOULD BE ANY DELAY WITH POTENTIAL SALE
    * BOARD OF DIRECTORS HAS DECIDED NOT TO PROPOSE A
DISTRIBUTION OR
DIVIDEND PAYMENT THIS YEAR.


Further company coverage:  KUD.S 

 ((Reuters.Briefs@thomsonreuters.com;))