Brief: MT Højgaard Holding Sells Stake In Seth; Upgrades Revenue Outlook

MT Hoejgaard Holding A/S

25/10/2023 20:33

Oct 25 (Reuters) - Mt Hoejgaard Holding A/S  MTHH.CO :
    * MT HØJGAARD HOLDING A/S: MT HØJGAARD HOLDING SELLS STAKE
IN SETH
– UPGRADES REVENUE OUTLOOK
    * : TRANSACTION IS EXPECTED TO BE COMPLETED IN Q4 2023
    * ENTERED INTO AN AGREEMENT TO SELL GROUP'S 60% OWNERSHIP
INTEREST
IN PORTUGUESE COMPANY SETH
    * CO ENTERED INTO  AGREEMENT TO SELL GROUP'S 60% OWNERSHIP
INTEREST IN SOC. DE EMPREITADAS E TRABALHOS HIDRÁULICOS
    * SALE OF SETH DOES NOT IMPACT MT HØJGAARD HOLDING'S 2023
OUTLOOK
    * NET PROCEEDS FROM SALE ARE EXPECTED TO AMOUNT TO AROUND
DKK 55
MILLION
    * MT HOEJGAARD HOLDING-CONTROLLED SCALE-DOWN OF MT HØJGAARD
INTERNATIONAL ACTIVITIES  CONTINUES & MAY ENTAIL ADDITIONAL
DIVESTMENTS & WINDING-UP ACTIVITIES
    * FY REVENUE IS NOW EXPECTED TO REACH AROUND DKK 10 BILLION
(PREVIOUSLY: DKK 9.0-9.5 BILLION)

Source text for Eikon:  ID:nGNE2r1GRH 
Further company coverage:  MTHH.CO 

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