Brief: Parken Sport & Entertainment Finalises Investigation Into Possible Sale Of Lalandia

Parken Sport & Entertainment A/S

13/03/2023 09:08

March 13 (Reuters) - Parken Sport & Entertainment A/S
 PARKEN.CO :
    * SAID ON FRIDAY ON BASIS OF COMPLETED EXPLORATION OF SALES
OPPORTUNITIES, BOD ASSESSES THAT IT IS NOT FINANCIALLY
ATTRACTIVE TO SELL LALANDIA UNDER CURRENT CONDITIONS ON
FINANCIAL MARKETS
    * CONTINUED OPERATION AND FURTHER DEVELOPMENT OF LALANDIA,
INCLUDING ESTABLISHMENT OF SEASIDE HOTEL IN SØNDERVIG, POSSIBLE
NEW HOLIDAY CENTRE IN MOTALA, SWEDEN, SHOULD CONTINUE UNDER
OWNERSHIP OF CO
    * BOD HAS THEREFORE DECIDED TODAY NOT TO PURSUE POSSIBLE
SALE OF
LALANDIA PROPERTIES AND/OR LALANDIA ACTIVITIES FURTHER AT THIS
TIME
    * DECISION DOES NOT CHANGE ANNOUNCED EXPECTATIONS FOR
CURRENT YEAR
    * EXPLORATION OF THE POSSIBILITIES FOR FULL OR PARTIAL
DIVESTMENT
OF PARKEN STADIUM, FOUR OFFICE TOWERS AT PARKEN WILL CONTINUE
UNCHANGED

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE2PgzRG
 Further company coverage:  PARKEN.CO  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))