Brief: NNIT Postpones Closing Of Infrastructure Operations Divestment To First Half Of Q2

Nnit A/S

23/03/2023 08:17

March 23 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: CLOSING OF INFRASTRUCTURE OPERATIONS
DIVESTMENT
POSTPONED TO FIRST HALF OF Q2, 2023, DUE TO DELAYED FDI APPROVAL
PROCESS WITH THE DANISH BUSINESS AUTHORITY
    * DIVESTMENT OF INFRASTRUCTURE OPERATIONS TO FUNDS ADVISED
BY
AGILITAS PRIVATE EQUITY LLP IS NOW EXPECTED TO CLOSE IN FIRST
HALF OF Q2, 2023
    * POSTPONEMENT IS DUE TO A DECISION BY DANISH BUSINESS
AUTHORITY
TO EXTEND DEADLINE FOR ITS DECISION ON FOREIGN DIRECT
INVESTMENTS APPROVAL
    * IS REQUIRED TO REPAY AND REFINANCE ITS REVOLVING CREDIT
FACILITY
WITHIN 60 DAYS FROM MARCH 31, 2023, OR SUCH LATER DATE AS MAY BE
AGREED WITH LENDERS
    * DOES NOT ENVISAGE UNDUE PROBLEMS IN REFINANCING

Source text for Eikon:  ID:nGNE2sl972 
Further company coverage:  NNIT.CO 

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