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Provider: Reuters Investment Profile
Provider: Wright Reports

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Blue Vision A/S Announces Sale of Strandpromenaden A/S to Bricks A/S

Friday, 28 Jun 2013 07:59am EDT 

Blue Vision A/S announced that the Company has entered into a conditional agreement with Bricks A/S regarding the sale of the Company's 100% ownership in Strandpromenaden A/S, effective as of July 1, 2013. Purchase price is estimated to be DKK 85,019,723, and will be paid by Bricks partly in cash - DKK 25,576,000, and partly in a form of redemption of Strandpromenaden's debt obligations amounting to DKK 59,443,723. Blue Vision also stated that the sale is expected to have a positive impact on the Company's fiscal year 2013 result before financing and value adjustments of DKK 1 million. 

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