Brief: Solar A/S Completes Divestment Of Belgian Business Activities

Solar A/S

01/05/2018 10:35

May 1 (Reuters) - SOLAR A/S  SOLARb.CO  SAYS:
    * COMPLETES DIVESTMENT OF BELGIAN BUSINESS ACTIVITIES
    * 31 JANUARY 2018, SOLAR A/S INFORMED ABOUT MAKING
AN ASSET DEAL WITH THE FRENCH SONEPAR GROUP CONCERNING THE
DIVESTMENT OF THE ASSETS IN CLAESSEN ELGB NV IN BELGIUM
    * THIS TRANSACTION HAS NOW BEEN COMPLETED
    * WHEN THE REMAINING ASSETS HAVE BEEN DIVESTED WE EXPECT TO
FREE
UP A TOTAL OF APPROX. DKK 25M WITH A NORMALISED NET WORKING
CAPITAL
    * THE DIVESTMENT WILL NOT CHANGE OUR PREVIOUSLY ANNOUNCED
EXPECTATIONS FOR 2018

SOURCE TEXT FOR EIKON:  urn:newsml:reuters.com:*:nGNE1gltwX
FURTHER COMPANY COVERAGE:  SOLARb.CO 

 (Reporting by Jacob Gronholt-Pedersen)
 ((jacob.pedersen@thomsonreuters.com;))