Brief: TKH Group Closes Divestment Of Its TKH France Activities, Initiates Share Buyback

TKH

29/09/2023 06:36

Sept 29 (Reuters) - TKH Group NV  TWKNc.AS :
    * CLOSING OF DIVESTMENT TKH FRANCE
    * TKH GROUP NV - TKH INITIATES € 25 MILLION SHARE BUYBACK
PROGRAM
    * THE TRANSACTION RESULTS IN A ONE-OFF NET PROFIT
CONTRIBUTION OF
ABOUT € 21 MILLION FOR TKH IN THE THIRD QUARTER OF 2023 AND A
NET CASH INFLOW OF ABOUT € 70 MILLIOn
    * TRANSACTION RESULTS IN A ONE-OFF NET PROFIT CONTRIBUTION
OF
ABOUT EUR 21 MILLION FOR TKH IN Q3 OF 2023
    * ACTIVITIES WILL BE CONTINUED BY A NEWLY ESTABLISHED
COMPANY
UNDER THE NAME SCS WAGRAM HOLDING, IN WHICH TKH ACQUIRED A
MINORITY INTEREST OF 40%

Source text for Eikon:  ID:nNDL6F95Q2 
Further company coverage:  TWKNc.AS 

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