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UMI Umicore SA News Story

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Brief: Umicore Sells Gold Inventories For Eur 410 Mln

Oct 8 (Reuters) - Umicore SA UMI.BR:

LAUNCHES SALE AND SUBSEQUENT LEASE IN OF PERMANENT GOLD INVENTORIES UNLOCKING SIGNIFICANT VALUE

SALE IS EXPECTED TO GENERATE APPROXIMATELY EUR 410 MILLION

TRANSACTION WILL GENERATE A NET AFTER TAX CAPITAL GAIN OF ABOUT EUR 370 MILLION

SALE TO BE CONSIDERED AS NON-RECURRING EVENT AND ANTICIPATED TO GENERATE EBITDA CONTRIBUTION5 OF APPROXIMATELY EUR 480 MILLION

Source text: ID:nGNE4SB1T8

Further company coverage: UMI.BR

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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