Brief: Suss MicroTec to Sell its Microoptics Division
08/11/2023 12:20
Nov 8 (Reuters) - SUESS MICROTEC SE SMHNn.DE :
* SUSS MICROTEC SIGNS AGREEMENT TO SELL THE MICROOPTICS
DIVISION
TO FOCUSLIGHT TECHNOLOGIES
* FOCUSLIGHT (HK) INVESTMENT MANAGEMENT CO. LTD., A
SUBSIDIARY OF
SHANGHAI (CHINA) LISTED COMPANY FOCUSLIGHT TECHNOLOGIES INC IS
BUYING THE DIVISION
* TRANSACTION IS EXPECTED TO BE COMPLETED IN Q1 OF 2024 AND
IS
SUBJECT TO PENDING APPROVALS
* AFTER SUCCESSFUL CLOSING OF SALE, SUSS MICROTEC GROUP IS
EXPECTED TO GAIN EXTRAORDINARY INCOME BEFORE TAXES IN A RANGE OF
AROUND EUR 40 TO 45 MILLION
* TRANSACTION VOLUME AMOUNTS TO EUR 75.5 MILLION AND
INCLUDES
ACQUISITION OF ALL SHARES OF SUSS MICROOPTICS AND REDEMPTION OF
FINANCIAL DEBT
* TRANSACTION VOLUME AMOUNTS TO EUR 75.5 MILLION AND
INCLUDES
ACQUISITION OF ALL SHARES OF SUSS MICROOPTICS AND REDEMPTION OF
FINANCIAL DEBT
* WITH EFFECT FROM SEPTEMBER 30, 2023, DIVISION MICROOPTICS
WILL
APPEAR IN SUSS MICROTEC'S FINANCIAL REPORTING AS A DISCONTINUED
ACTIVITY
Source text for Eikon: ID:nEQ6yxrvHa
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(Gdansk Newsroom)
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