Brief: Sikri Holding Agrees With Construction Analytics To Divest Prognosesenteret

Spir ASA

01/11/2022 12:54

Nov 1 (Reuters) - Sikri Holding ASA  SIKRI.OL :
    * SIKRI HOLDING ASA: SIKRI HOLDING DIVESTS PROGNOSESENTERET
TO
SHARPEN FOCUS ON PROPERTY TECHNOLOGY
    * SIKRI HOLDING HAS ENTERED INTO AN AGREEMENT WITH
CONSTRUCTION
ANALYTICS AS TO DIVEST ITS OWNERSHIP IN PROGNOSESENTERET
    * TRANSACTION IS STRUCTURED AS A SALE OF 51% OF SHARES IN
4CASTGROUP AS THAT IS OWNED BY AMBITA AS
    * AS PART OF TRANSACTION, ALL SUBSIDIARIES AND INVESTMENTS
OWNED
BY 4CASTGROUP AS WITH BUSINESS ACTIVITIES WITHIN PROPERTY
TECHNOLOGY ARE TRANSFERRED TO AMBITA
    * TRANSACTION VALUES PROGNOSESENTERET AT AN ENTERPRISE VALUE
(EV)
OF NOK 255 MILLION
    * FOR SIKRI HOLDING, EXPECTED GROSS PROCEEDS OF SALE ARE NOK
142
MILLION
    * SIKRI HOLDING WILL CONTINUE TO DEVELOP PROP TECH PORTFOLIO
PREVIOUSLY A PART OF 4CASTGROUP, AND CASH EFFECT OF TRANSACTION
IS NOK 108 MILLION, OF WHICH NOK 37.5 MILLION IS A TWO-YEAR
SELLER'S CREDIT
    * CLOSING OF TRANSACTION IS EXPECTED ON OR ABOUT 15 NOVEMBER
2022.

Source text for Eikon:  ID:nObiXm9gda 
Further company coverage:  SIKRI.OL 
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