Brief: Skeljungur Signs Purchase Agreement Relating To Sale Of P/F Magn To Sp/F Orkufelagið

Skel fjarfestingafelag hf

01/12/2021 08:45

Dec 1 (Reuters) - Skeljungur hf  SKEL.IC :
    * PURCHASE AGREEMENT SIGNED AND DOCUMENTATION CONCLUDED
RELATING
TO SKELJUNGUR'S SALE OF P/F MAGN TO SP/F ORKUFELAGIÐ
    * SKELJUNGUR WILL RE-INVEST 23% OF THE TOTAL SELLING PRICE
OF THE
TRANSACTION IN SP/F ORKUFELAGIÐ, I.E. 2,823 MILLION ISK (141
MILLION DKK, BASED ON THE EXCHANGE RATE DKK/ISK 20)
    * WILL THEREBY ACQUIRE A 48.3% SHARE IN SP/F ORKUFELAGIÐ
THROUGH A
LISTING OF NEW SHARES IN THE COMPANY IN THE TOTAL AMOUNT OF
2,441 MILLION ISK (122 MILLION DKK)
    * ESTIMATED IMPACT OF THE TRANSACTION ON SKELJUNGUR’S
BALANCE
SHEET, BASED ON THE INTERIM FINANCIAL STATEMENT OF LAST 30
SEPTEMBER, IS THAT NET INTEREST-BEARING DEBT IS REDUCED BY 2.1
BILLION ISK, CASH INCREASES BY 7.2 BILLION ISK AND EQUITY
INCREASES BY APPROXIMATELY 6 BILLION ISK

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE2G0lP6
 Further company coverage:  SKEL.IC  

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