Brief: OTI Greentech Sells All Business Units In Norway And West Africa

OTI Greentech AG

05/12/2017 08:57

Dec 5 (Reuters) - OTI GREENTECH AG  NSAG.D : 
    * DGAP-ADHOC: OTI GREENTECH AG SELLS ALL BUSINESS UNITS IN 
NORWAY 
AND WEST AFRICA TO VISIONAIRE INVEST AS - REPORT OF LOSS 
ACCORDING TO §92 AKTG 
    * WILL IN FUTURE FOCUS ON OPERATIONALLY PROFITABLE BUSINESS 
UNITS 
    * WITH CONCLUSION OF SALE A LOSS OF MORE THAN HALF OF SHARE 
CAPITAL WILL HAVE OCCURRED 
    * MAIN REASON IS LOSS RESULTING FROM WRITE-DOWN OF 
FINANCIAL 
INVESTMENTS IN AMOUNT OF AROUND EUR 14.7 MILLION 
    * WILL IMMEDIATELY CONVENE A GENERAL MEETING AND INFORM IT 
ABOUT 
LOSS 
 
Source text for Eikon:  ID:nEQ9TPgQha  
Further company coverage:  NSAG.D  
 
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