Brief: Scandinavian Brake Systems financial outlook unchanged

SCANDINAVIAN BRAKE SYSTEMS Under frivillig likvidation A/S

02/10/2014 10:04

Oct.1 (Reuters) - Scandinavian Brake Systems A/S  SBS.CO : 
     
    * Said on Wednesday that received approval from the German 
competition authorities to take over renovating production of 
brake calipers from SBS Group  
    * Said due to the time of completion of the transaction, the 
Group's equity was expected to be positive as per Oct. 31, 
instead of Sept. 30, as stated in the announcement dated Sept. 1 
    * Said other, customary conditions related to the 
implementation of the transaction were still expected to be 
fulfilled and the financial outlook was unchanged 
 
     
  
 Source text for Eikon:  ID:nCSE5wvT  
     
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Keywords: SCANDINAVIAN/BRIEF