Edition:
India

A.S. Creation Tapeten: Sale Of 50% Stake In OOO A.S. & Palitra


Tuesday, 2 Apr 2019 

April 2 (Reuters) - AS CREATION TAPETEN AG ::SALE OF THE 50% STAKE IN OOO A.S. & PALITRA.TRANSACTION IS WORTH A LOW DOUBLE-DIGIT MILLION EURO AMOUNT.LINS WALLPAPER WILL BUY 50% STAKE IN A.S. & PALITRA FROM A.S. CRÉATION TAPETEN AND REPAY SHAREHOLDER LOANS UNTIL DEC 31, 2019.TRANSACTION WILL HAVE NO IMPACT ON PUBLISHED EBIT FORECAST FOR FISCAL YEAR 2019.AS CREATION TAPETEN - 2019 EARNINGS AFTER TAXES WILL BE HIGHER THAN EXPECTED AS A RESULT OF TRANSACTION AND AMOUNT TO BETWEEN EUR 10.0 MILLION AND EUR 11.0 MILLION. 

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