Brief: Webac Holding sells mechanical engineering business

Webac Holding AG

01/08/2018 06:56

Aug 1(Reuters) - Webac Holding AG  RKBG.F :
    * SAID ON TUESDAY SOLD MECHANICAL ENGINEERING BUSINESS
    * SOLD WEBAC GESELLSCHAFT FÜR MASCHINENBAU MBH AND ITS
FOREIGN
SUBSIDIARIES WEBAC MASKIN AB, SWEDEN, AND WEBAC S.R.O., CZECH
REPUBLIC, AS OF 31 JULY 2018
    * SELLING PRICE, THE AMOUNT OF WHICH WAS AGREED TO BE
CONFIDENTIAL, SHOULD PRIMARILY BE USED TO REDUCE NET DEBT
    * ACCORDING TO IFRS, THIS TRANSACTION IS EXPECTED TO
GENERATE A
GAIN THAT WAS PREVIOUSLY NOT INCLUDED IN THE EARNINGS FORECASTS

    
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