Brief: Bekaert Sells Hemiksem Site To Belgian Project Developers

NV Bekaert SA

10/07/2020 07:49

July 10 (Reuters) - NV BEKAERT SA  BEKB.BR :
    * BEKAERT SELLS HEMIKSEM (BELGIUM) SITE TO CONSORTIUM OF
PROJECT
DEVELOPERS
    * BEKAERT HAS REACHED A FINAL AGREEMENT WITH THREE BELGIAN
PROJECT
DEVELOPERS ABOUT THE SALE OF THE BEKAERT SITE IN HEMIKSEM,
BELGIUM
    * PROCEEDS OF SALE (NET CASH IMPACT OF € 23 MILLION) AND
REVERSAL
OF OUTSTANDING PROVISION FOR SOIL REMEDIATION (€ 13 MILLION)
WILL BE BOOKED AS ONE-OFF REVENUES (€ 36 MILLION) IN BEKAERT'S
INCOME STATEMENT

Source text for Eikon:  ID:nNDL6GxVM3 
Further company coverage:  BEKB.BR 

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