Brief: MPC Capital Exits Dutch Real Estate Market, Sells Its Shares In Cairn Real Estate BV

MPC Muenchmeyer Petersen Capital AG

11/11/2021 07:07

Nov 11 (Reuters) - MPC MUENCHMEYER PETERSEN CAPITAL AG
 MPCKk.DE :
    * EXITS DUTCH REAL ESTATE MARKET AND SELLS 100% OF ITS
SHARES IN
CAIRN REAL ESTATE BV AT A SIGNIFICANT BOOK PROFIT
    * NET PURCHASE PRICE AMOUNTS TO APPROX. EUR 30 MILLION
    * TRANSACTION COMPRISES ALL SHARES IN CAIRN REAL ESTATE BV,
A
WHOLLY-OWNED SUBSIDIARY OF MPC CAPITAL
    * CLOSING OF TRANSACTION IS EXPECTED FOR Q1 2022 AND IS
SUBJECT TO
APPROVAL BY RELEVANT REGULATORY AUTHORITIES AND OTHER CUSTOMARY
CONDITIONS
    * SALE OF CAIRN IS EXPECTED TO CONTRIBUTE WITH A BOOK PROFIT
IN
LOW DOUBLE-DIGIT MILLION EURO RANGE TO EARNINGS BEFORE TAXES
(EBT) OF MPC CAPITAL GROUP FOR FINANCIAL YEAR 2022
    * WILL PROVIDE A FINANCIAL OUTLOOK FOR 2022 IN Q1 2022
    * FINANCIAL OUTLOOK FOR 2021 REMAINS UNCHANGED (LOWER
REVENUE
LEVEL AND A SUBSTANTIAL IMPROVEMENT IN EBT COMPARED TO PREVIOUS
YEAR)

Source text for Eikon:  ID:nEQ5ML2Bpa 
Further company coverage:  MPCKk.DE 

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