Brief: Viking Line Raises Stake In Eckerö Above 20%

Viking Line Abp

22/11/2023 15:50

Nov 22 (Reuters) - Viking Line Abp  VIK1V.HE :
    * REDERIAKTIEBOLAGET ECKERÖ IS A COMPANY WITH A
PARTICIPATING
INTEREST UNDERTAKING IN THE VIKING LINE GROUP
    * VIKING LINE ABP'S SHAREHOLDING IN REDERIAKTIEBOLAGET
ECKERÖ
EXCEEDS 20%.
    * POSITIVE INITIAL INCOME EFFECT OF EUR 2.5 M WILL ARISE IN
TRANSITION TO ACCOUNTING USING EQUITY METHOD.
    * VIKING LINE ABP'S BOD DECIDED TODAY THAT
REDERIAKTIEBOLAGET
ECKERÖ WILL BE ACCOUNTED FOR AS CO WITH PARTICIPATING INTEREST
UNDERTAKING USING EQUITY METHOD IN VIKING LINE GROUP'S FINANCIAL
ACCOUNTS
    * EFFECT WILL BE RECOGNIZED IN CONSOLIDATED INCOME STATEMENT
DURING Q4 OF 2023

Source text for Eikon:  ID:nWkr1P5VyD 
Further company coverage:  VIK1V.HE 

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