Brief: Solar Divests Shareholding In BIMobject For Around DKK 234 Mln

Solar A/S

08/10/2020 07:54

Oct 8 (Reuters) - Solar A/S  SOLARb.CO :
    * SOLAR DIVESTS ITS SHAREHOLDING IN BIMOBJECT AB
    * SOLAR A/S ANNOUNCES DIVESTMENT OF ITS SHAREHOLDING IN
BIMOBJECT
FOR A TOTAL CASH CONSIDERATION OF SEK 331M (APPROX. DKK 234M)
    * PROFIT DOES NOT AFFECT SOLAR'S EBITA OR GUIDANCE FOR 2020
    * PROFIT IS BASED ON A BOOK VALUE OF APPROX. DKK 214M AS AT
30
SEPTEMBER 2020
    * PROFIT FROM DIVESTMENT AMOUNTS TO APPROX. DKK 20M, WHICH
WILL BE
RECOGNISED IN INCOME STATEMENT AS "IMPAIRMENT ON ASSOCIATES" IN
SOLAR'S Q4 REPORT

Source text for Eikon:  ID:nGNE3PYN7w 
Further company coverage:  SOLARb.CO 

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