Brief: Park Street Nordicom Concludes Agreement To Sell Property In Copenhagen

Park Street A/S

13/05/2020 09:42

May 13 (Reuters) - Park Street Nordicom A/S  PSNRDCa.CO :
    * PARK STREET NORDICOM A/S – DISPOSAL OF OFFICE PROPERTY IN
COPENHAGEN
    * SALE IS CONCLUDED AT A HIGHER VALUATION THAN BOOK VALUE OF
ASSET
AND WILL GENERATE A POSITIVE CONTRIBUTION OF OVER DKK 30M TO
CO'S EBVAT FOR YEAR 2020
    * COMPANY IS EXPECTED TO USE NET PROCEEDS FROM SALE TO
RETIRE
SHORT TERM FACILITY ON ITS BOOKS
    * THERE IS NO SPECIFIC GUIDANCE FOR EBVAT FOR YEAR 2020 IN
VIEW OF
SIGNIFICANT ONGOING MARKET UNCERTAINTIES

Source text for Eikon:  ID:nNDLb7fBYY 
Further company coverage:  PSNRDCa.CO 

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