Brief: Schaltbau: Investor Intends To Acquire Key Assets Of Spanish Subsidiary

Schaltbau Holding AG

08/04/2019 11:59

April 8 (Reuters) - Schaltbau  SLTG.DE :
    * INVESTOR INTENDS TO ACQUIRE KEY ASSETS OF SPANISH
SUBSIDIARY
SEPSA IN THE COURSE OF LIQUIDATION PROCEEDINGS AND TO SECURE THE
CONTINUATION OF THE OPERATIVE BUSINESS
    * SEPSA'S MANAGEMENT IS EXPECTED TO FILE FOR LIQUIDATION
WITHIN
SHORT TIME
    * NEGATIVE FINANCIAL EFFECTS FOR SCHALTBAU EXPECTED BY
MANAGEMENT
BOARD WILL PROBABLY BE LOWER THAN AMOUNT OF APPROXIMATELY EUR 8
MILLION EXPECTED IN EVENT OF LIQUIDATION

Source text for Eikon:  urn:newsml:reuters.com:*:nEQ9TVLvTa
Further company coverage:  SLTG.DE 

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