Brief: Aarsleff acquires 51 pct of Olimb Group pipe renewal activities

Per Aarsleff Holding A/S

31/08/2017 11:01

Aug 31 (Reuters) - PER AARSLEFF HOLDING A/S  PAALb.CO : 
    * AARSLEFF ACQUIRES 51% OF OLIMB GROUP'S PIPE RENEWAL ACTIVITIES 
    * ALSO, IT HAS BEEN AGREED THAT AARSLEFF WILL GET AN OPTION TO BUY REMAINING SHARES AT BOOK 
VALUE AT LATEST IN 2022 
    * TOTAL PRICE FOR 100% OF COMPANY IS FIXED AT DKK 103 MILLION. 
    * ACQUISITION DOES NOT AFFECT AARSLEFF'S EARNINGS EXPECTATIONS FOR FINANCIAL YEAR 2016/2017 
    * TRANSACTION WILL BE COMPLETED IN FIRST HALF OF SEPTEMBER 2017 
 
Source text for Eikon:  ID:nCSE73mD  
Further company coverage:  PAALb.CO  
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))