Brief: Questback Group AS Announces Signing Of Term Sheet For Sale Of 75% Of Shares In Its Operational Subsidiary, Questback AS

Questback AS

02/08/2023 19:47

Aug 2 (Reuters) - Questback Group AS  QUEST.OL :
    * QUEST - QUESTBACK GROUP AS IS PLEASED TO ANNOUNCE THE
SIGNING OF
A TERM SHEET FOR THE SALE OF 75% OF THE SHARES IN ITS
OPERATIONAL SUBSIDIARY, QUESTBACK AS (THE "COMPANY").
    * RETAINS A SIGNIFICANT 25% STAKE AND A CORRESPONDING UPSIDE
GOING
FORWARD
    * PROPOSED TRANSACTION MARKS EV AT NOK 340 MNOK
    * PRECISE CREDIT SOLUTIONS 17 S.A.R.L. WILL MAINTAIN THEIR
DEBT
GOING FORWARD & TAKE 75% SHAREHOLDING IN UNIT
    * INTENDS TO APPLY FOR A DE-LISTING OF SHARES FROM TRADING
ON
EURONEXT GROWTH

Source text for Eikon:  ID:nObijbnh3a 
Further company coverage:  QUEST.OL 

 ((Reuters.Briefs@thomsonreuters.com;))