Scana Industrier ASA, dispose of Scana Machining AB
February 08 2016 - 2:45AM
Scana Industrier ASA has Sunday evening
8th of February
entered into a "Share Purchase Agreement" with Motala Verkstad
Group AB (MVG) regarding a dispose of Scana Energy ABs 100% equity
share interest in Scana Machining AB.
Closing of the transaction will take place Tuesday
1st of March.
New owner will take responsibility for the companys obligations and
the new owner will immediately take full responsibility for daily
operation of the company together with the existing organization.
MVG will establish a larger machinery center in Scana Machining's
premises by moving its own equipment. Scana Energy will enter into
cooperational agreement with MVG.
Scana Machining AB was acquired by Scana
Industrier in 2011 and is located at Kristinehamn, Sweden.
Machining had in 2014 a turnover of NOK 64 million and a loss
before tax of NOK 35 million.
The sale will result in an accounting loss of
approximately NOK 15 million for Scana.
Scana Machining has over the last years inflicted
significant losses to the Group and the transaction decreases
Scanas liquidity- and operational risks together with
reduced bank guarantee exposure.
For further information please
contact:
Mr. Bjørn Torkildsen, CEO Scana industrier ASA, Mobile +47 91 91 97
42
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 90 04 12
13
Mr. Leif A Rosèn, Investment Director, Scana Energy AB, Mobile: +46
70 3304 186
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scana Industrier asa via Globenewswire
HUG#1984235
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