Brief: Qben To Sell Team Bygg In Norway

BRIEF-Qben To Sell Team Bygg In Norway

- 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


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