Brief: SergeFerrari Says Vinyloop Ferrara General Meeting Resolved To Discontinue Operations At Vinyloop Ferrara And Liquidate Company

Sergeferrari SA

02/07/2018 16:36

July 2 (Reuters) - SERGEFERRARI GROUP SA  SEFER.PA :
    * VINYLOOP FERRARA GENERAL MEETING RESOLVED TO DISCONTINUE
OPERATIONS AT VINYLOOP FERRARA SPA AND LIQUIDATE COMPANY
    * ESTIMATES THAT ITS 2018 OPERATING INCOME WILL BE IMPACTED
BY AN
APPROXIMATE EUR 0.4 MILLION EXPENSE DUE TO COST OF TEXYLOOP
OPERATIONS
    * NON-RECURRING EXPENSES ARISING IN RELATION TO VINYLOOP
FERRARA
SPA'S CONSOLIDATED SHARE OF EARNINGS TO REDUCE SERGEFERRARI
GROUP 2018 NET INCOME BY AROUND EUR 2.5 MILLION
    * TEXYLOOP'S ENTIRE EQUITY INTEREST IN VINYLOOP FERRARI SPA
TO BE
TRANSFERRED TO INOVYN ITALIA, WHICH WILL ASSUME CONSEQUENCES OF
SHUT-DOWN AND LIQUIDATION

Source text for Eikon:  ID:nACT54017 
Further company coverage:  SEFER.PA 

 (Gdynia Newsroom)
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