Brief: Solar Enters Agreements To Divest Austrian And Belgian Business Activities

Solar A/S

31/01/2018 12:00

Jan 31 (Reuters) - SOLAR A/S  SOLARb.CO : 
    * : REG-NO. 3 2018 SOLAR A/S ENTERS INTO AGREEMENTS 
CONCERNING 
DIVESTMENT OF THE GROUPS' AUSTRIAN AND BELGIAN BUSINESS 
ACTIVITIES 
    * SIGNED AN AGREEMENT WITH FRENCH SONEPAR GROUP CONCERNING 
DIVESTMENT OF ALL SHARES IN GFI GMBH, AUSTRIA 
    * MADE AN ASSET DEAL WITH SONEPAR CONCERNING DIVESTMENT OF 
ASSETS 
IN CLAESSEN ELGB NV IN BELGIUM 
    * SAYS  IN 2017, COMPANIES GENERATED A LOSS OF DKK 35M IN 
TOTAL 
    * IF AGREEMENTS ARE APPROVED, THEY WILL ENTAIL A LOSS OF 
APPROX. 
DKK 47M 
    * DIVESTMENTS ARE EXPECTED TO FREE UP CAPITAL OF DKK 70M 
 
Source text for Eikon:  ID:nGNE4RgwZL  
Further company coverage:  SOLARb.CO  
 
 (Gdynia Newsroom) 
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