Brief: Starbreeze And Smilegate Agree To Discontinue Crossfire Project

Starbreeze AB

06/12/2019 13:04

Dec 6 (Reuters) - Starbreeze AB  STZEb.ST :
    * STARBREEZE AND SMILEGATE REACH AGREEMENT TO DISCONTINUE
THE
CROSSFIRE PROJECT AND STARBREEZE WILL POST AN IMPAIRMENT LOSS OF
SEK 111 MILLION IN THE FOURTH QUARTER OF 2019
    * PARTIES HAVE DECIDED TO DISCONTINUE COLLABORATION RELATED
TO
CROSSFIRE PROJECT
    * FOR STARBREEZE, THIS WILL ENTAIL AN IMPAIRMENT LOSS OF SEK
111
MILLION IN Q4 OF 2019
    * IMPAIRMENT LOSS IS FOR ACCOUNTING PURPOSES ONLY AND WILL
HAVE NO
EFFECT ON COMPANY'S LIQUIDITY

Source text for Eikon:  ID:nWkr26Kj1C 
Further company coverage:  STZEb.ST 

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