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VPLAY B — Viaplay AB (publ) News Story

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Kepler ups Viaplay to 'buy' as Dutch sale 'sharpens the story'

BUZZ-Kepler ups Viaplay to 'buy' as Dutch sale 'sharpens the story'

** Kepler Cheuvreux upgrades Swedish media company Viaplay VPLAYb.ST to "buy" from "hold" as the sale of its Dutch operations improves the group's financial profile

** The broker notes the planned sale to Videoland will bring in around SEK 1.6 billion in proceeds which should support deleveraging and increase liquidity headroom

** Kepler says the deal "sharpens the story" and is strategically sensible as it refocuses the firm on its Nordic core and lowers execution risks during a cash-flow recovery

** The brokerage raises its PT by 3.4% to SEK 1.50, noting that recent share price weakness and unchanged guidance create a more attractive risk and reward balance


(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))

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