Brief: Marie Brizard Wine & Spirits Proposed Sale Of Sobieski Trade

Marie Brizard Wine and Spirits SA

05/08/2019 16:49

Aug 5 (Reuters) - Marie Brizard Wine and Spirits SA
 MBWS.PA :
    * REG-MARIE BRIZARD WINE & SPIRITS: PROPOSED SALE OF
SOBIESKI
TRADE
    * SIGNED A PROPOSAL TO SELL ITS POLISH DISTRIBUTION ENTITY
SOBIESKI TRADE, TO UNITED BEVERAGES
    * DECIDED TO SELL SOBIESKI TRADE WHICH OPERATES
INDEPENDENTLY FROM
GROUP'S OTHER ACTIVITIES IN POLAND
    * SOBIESKI TRADE IS NOT LARGE ENOUGH TO MEET GROUP'S
REQUIREMENTS
IN TERMS OF PROFITABILITY
    * IN 2018, SOBIESKI TRADE GENERATED A NEGATIVE EBITDA FOR
REVENUE
OF EUR 105.5 MILLION.

Source text for Eikon:  ID:nGNE9BcVx0 
Further company coverage:  MBWS.PA 

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