Brief: Move About Group Negotiates Sale Of German Subsidiary

Move About AB

25/03/2024 07:25

March 25 (Reuters) - Move About Group AB  MOVEA.ST :
    * SAID ON FRIDAY IT IS IN ADVANCED NEGOTIATIONS TO SELL ALL
SHARES
IN GERMAN SUBSIDIARY MOBILEEEE GMBH, REG. NO. HRB 110198
    * COMPANY EXPECTS TO FINALIZE THE SALE OF THE SUBSIDIARY IN
THE
COMING WEEKS
    * SALE IS IN LINE WITH PREVIOUSLY ANNOUNCED STRATEGY TO
DISCONTINUE OPERATIONS IN GERMANY
    * COMPANY'S LOAN FACILITY OF EUR 2.2 MLN WILL BE TAKEN OVER
BY THE
SUBSIDIARY IN CONNECTION WITH THE CLOSING IN Q2 2024

        
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