Brief: Qben To Sell Team Bygg In Norway
BRIEF-Qben To Sell Team Bygg In Norway Oct 5 (Reuters) - Qben Infra AB QBEN.ST:
SAID ON FRIDAY ENTERED INTO AGREEMENT TO SELL ALL SHARES IN TEAM BYGG AS TO EMERCOR, COMPANY IN MIDDELBORG GROUP
DIVESTMENT TO REDUCE CONSOLIDATED DEBT BY ABOUT NOK 33.8 MILLION AND REDUCE EXPOSURE TO GUARANTEE OBLIGATIONS RELATING TO TEAM BYGG
TOTAL CONSIDERATION FOR SHARES IS UP TO NOK 100 MILLION
EMERCOR WILL ASSUME GUARANTEE OBLIGATIONS PREVIOUSLY PROVIDED BY QBEN CONSTRUCTION AND WIDER QBEN GROUP IN CONNECTION WITH COMPANY’S PROJECTS
Source text for Workspace: QBEN.ST
Further company coverage: nMFNyDpbq
(Gdansk Newsroom)
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