Brief: Ter Beke Sells Its Luxembourg Reinsurance Company

Whats Cooking NV

18/06/2021 17:06

June 18 (Reuters) - TER BEKE NV  TERB.BR :
    * DIRK GOEMINNE TAKES OVER TEMPORARILY THE EXECUTIVE
MANAGEMENT OF
TER BEKE
    * SELLS ITS LUXEMBOURG REINSURANCE COMPANY
    * SALE WILL HAVE A ONE-OFF NEGATIVE IMPACT ON THE
CONSOLIDATED
CASH FLOWS  AND THE NET RESULT OF THE GROUP
    * THIS IMPACT WILL AMOUNT TO APPROXIMATELY EUR 4.3 MILLION.
WITH
THIS SALE, TER BEKE FURTHER REDUCES ITS RECURRING FIXED COST
BASE

Further company coverage:  TERB.BR 

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