January 31, 2018 / 12:07 PM / in 10 months

BRIEF-Solar Enters Agreements To Divest Austrian And Belgian Business Activities

Jan 31 (Reuters) - SOLAR A/S:

* : REG-NO. 3 2018 SOLAR A/S ENTERS INTO AGREEMENTS CONCERNING DIVESTMENT OF THE GROUPS’ AUSTRIAN AND BELGIAN BUSINESS ACTIVITIES

* ‍SIGNED AN AGREEMENT WITH FRENCH SONEPAR GROUP CONCERNING DIVESTMENT OF ALL SHARES IN GFI GMBH, AUSTRIA​

* ‍MADE AN ASSET DEAL WITH SONEPAR CONCERNING DIVESTMENT OF ASSETS IN CLAESSEN ELGB NV IN BELGIUM​

* SAYS ‍IN 2017, COMPANIES GENERATED A LOSS OF DKK 35M IN TOTAL​

* ‍IF AGREEMENTS ARE APPROVED, THEY WILL ENTAIL A LOSS OF APPROX. DKK 47M​

* ‍DIVESTMENTS ARE EXPECTED TO FREE UP CAPITAL OF DKK 70M​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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