Brief: Schouw & Co to sell its shares in Kramp, raises profit guidance

Schouw & Co.

09/09/2016 07:53

Sept 9 (Reuters) - Schouw & Co A/S  SCHO.CO : 
    * Has agreed with co-shareholder NPM Capital to sell its 20 pct ownership interest in Kramp 
at total price of 139 million euros ($156.68 million) 
    * Transaction is expected to produce gain of about 445 million Danish crowns ($67.40 
million)relative to carrying amount at June 30, 2016 
    * Transaction is expected to close by end of year 
    * As a result of sale, Schouw & Co. raises its guidance for profit in associates and joint 
ventures to 560 million - 570 million crowns from previous forecast of 140 million - 150 million 
crowns  
 
Source text for Eikon:  ID:nCSE6tcz  
Further company coverage:  SCHO.CO  
 
($1 = 0.8872 euros) 
 
($1 = 6.6021 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))