Brief: Magean Holding Announces Sale Of 50% Of Subsidiary Shares For EUR 3.6 Million

Magean Holding

28/12/2020 07:28

Dec 28 (Reuters) - Magean Holding Plc  MHB.CY :
    * ANNOUNCES SALE OF 50% OF SHARES HELD IN SUBSIDIARY
BAKEHELLAS TO
NV LA LORRAINE BAKERY GROUP FOR CASH CONSIDERATION OF EUR 3.6
MLN
    * SAYS ACCOUNTING PROFIT FROM THE TRANSACTION BASED ON THE
COST OF
INVESTMENT IS EUR 3.1 MLN
    * MAGEAN HOLDING TO CONTINUE MANAGING BAKEHELLAS

    
    
 Source text: https://bit.ly/3o72Hjn
    
 Further company coverage:  MHB.CY  
   


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