FIMALAC: Fimalac completes the sale of 20% of Fitch Group to Hearst Communication

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Mon Nov 2, 2009 12:32pm EST 

  PARIS, Nov 02 (MARKET WIRE) -- 
All the necessary administrative authorizations having been obtained for
the sale of 20% of Fitch Group to Hearst Communication, Fimalac has now
received the EUR 300 million proceeds from sale.

    The transaction will be recognized in the fiscal 2010 financial
statements. It will generate a net capital gain of EUR 249 million, that
will be included in profit in the statutory accounts. The effect on
consolidated equity is expected to be an increase of around EUR 200
million.

    This information is provided by HUGIN

    

Contacts:
Jean-Philippe Laval
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