Brief: Studsvik sells Waste Treatment operations to EDF

Studsvik AB

20/04/2016 07:00

April 20 (Reuters) - Studsvik AB  SVIK.ST : 
    * Studsvik AB signed an agreement to divest its Waste Treatment business and 
facilities in Sweden and the UK to EDF Développment Environnement SA, a 100 % 
subsidiary of EDF SA  EDF.PA  
    * Purchase price on a debt free basis is 355 million Swedish crowns  ($43.89 
million), subject to certain closing adjustments 
    * Transaction will generate a positive cash flow effect of approximately 225 
million crowns and affect net profit by approximately 115 million crowns 
    * Closing is expected during Q3 of 2016 
    * EDF and Studsvik have also agreed to join forces and collaborate in areas 
of nuclear decommissioning and waste management 
    * Carnegie Investment Bank is acting financial adviser and Gernandt & 
Danielsson Advokat-byrå is acting legal adviser to Studsvik in the Transaction 
 
Source text for Eikon:  ID:nWkrdt9697  
Further company coverage:  SVIK.ST  
 
($1 = 8.0887 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48586983920;))