Brief: Stern Groep To Sell Heron Auto To Broekhuis

PB Holding NV

09/12/2019 17:32

Dec 9 (Reuters) - Stern Groep NV  ARTN.AS :
    * STERN TO SELL HERON AUTO TO BROEKHUIS
    * SALE OF HERON AUTO WILL LEAD TO A BOOK GAIN IN 2020
FINANCIAL
YEAR, AND WILL REDUCE SIZE OF STERN GROUP'S BALANCE SHEET BY
APPROXIMATELY EUR 60 MILLION
    * FINAL TRANSACTION PRICE WILL BE SET ONCE THE 2019 FIGURES
FOR
HERON AUTO HAVE BEEN ESTABLISHED.
    * MR VISSER, WILL NOT STAY ON AS CEO OF HERON AUTO AFTER
SALE
    * MR VISSER WILL CONTINUE AT STERN AS DIRECTOR OF STERN 5
    * AFTER INCLUSION OF ITS EXPECTED PROFIT IN 2019, HERON
AUTO’S
EQUITY WILL AMOUNT TO APPROXIMATELY € 8 MILLION

Source text for Eikon:  ID:nNDL76Bwph 
Further company coverage:  ARTN.AS 

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