January 29, 2018 / 7:06 AM / 6 months ago

BRIEF-Agromino Sells Part Of Elevator Business in Ukraine

Jan 29 (Reuters) - Agromino A/S:

* AGROMINO ANNOUNCES DISPOSAL OF A NON-CORE PART OF ITS ELEVATOR BUSINESS

* ‍SHARE PURCHASE AGREEMENT FOR SALE OF ITS UKRAINIAN SUBSIDIARY FOR A PRICE OF USD 2.6 MILLION HAS BEEN SIGNED​

* ‍SHARE PURCHASE AGREEMENT FOR SALE OF ITS UKRAINIAN SUBSIDIARY - PRJSC “NOVOMIRGORODSKIY ELEVATOR”​

* ‍CASH PROCEEDS FROM THIS DISPOSAL WILL ENABLE COMPANY TO REDUCE ITS BANK BORROWINGS BY USD 2.3 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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