Brief: TKH Divests Remaining Stake In Cable Connectivity Group

TKH

08/11/2022 08:19

Nov 8 (Reuters) - TKH Group NV  TWKNc.AS :
    * TKH AND TORQX CAPITAL PARTNERS REACH AGREEMENT WITH
INFINITE
ELECTRONICS ON THE DIVESTMENT OF CABLE CONNECTIVITY GROUP
    * HAS REACHED AGREEMENT ON THE SALE OF ITS MINORITY 41.5%
STAKE IN
THE CABLE CONNECTIVITY GROUP 
    * THE TRANSACTION IS SUBJECT TO CUSTOMARY REGULATORY
APPROVAL AND
IS EXPECTED TO CLOSE IN Q1 2023
    * TRANSACTION WILL RESULT IN A ONE-OFF NET PROFIT
CONTRIBUTION OF
APPROXIMATELY EUR 35 MILLION FOR TKH

        
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