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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime
Provider: Wright Reports

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ACAP Invest AB's Extraordinary General Meeting Approves Divestment of Cetec Electric AB to Elbogen Electric AB

Monday, 3 Dec 2012 04:38am EST 

ACAP Invest AB announced that on December 3, 2012, the Extraordinary General Meeting resolved to approve the divestment of Cetec to Elbogen Electric AB. The sale will take place through the sale of all shares in Cetec Electric AB (Cetec). The transaction will be completed and shares taken over immediately after the General Meeting. The purchase price for the shares is SEK 12 million and the sale results in a earnings impact of approximately minus SEK 10 million. Net debt was reduced by about SEK 18 million and the equity ratio from continuing operations improved to approximately 29%. 

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19 Sep 2014