Bilia AB
Bilia sells dealership in Stavanger, Oslo
Bilia AB 08.12.2014 13:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Gothenburg, Sweden, 2014-12-08 13:00 CET (GLOBE NEWSWIRE) -- An agreement has been reached today with Kverneland Bil AS on the sale of Bilia's dealerships for Volvo and Ford in Stavanger. The deal is conditional on approval by the Swedish Competition Authority and the date of possession will be 1 January 2015. The deal will have the following estimated effects on the Bilia Group: -- The purchase consideration amounts to approximately SEK 70 M. -- Capital employed will be reduced by around SEK 40 M and the net borrowings will fall by about SEK 44 M. -- The sale profit before tax is estimated to around SEK 4 M. -- The turnover will be reduced by around SEK 290 M. -- The profit per share is marginally affected. Gothenburg, 8 December 2014 Bilia AB (publ) For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, Tel. +46 31 709 55 00. News Source: NASDAQ OMX 08.12.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Bilia AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0000102295 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden