March 23, 2018 / 11:43 AM / a month ago

BRIEF-Q-Free To Divest Serbian Entity

March 23 (Reuters) - Q-FREE ASA:

* Q-FREE - DIVESTMENT OF SERBIAN ENTITY

* ‍ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ITS FULLY OWNED SERBIAN SUBSIDIARY Q-FREE D.O.O. BEOGRAD​

* ‍TRANSACTION WILL BE CLOSED IN Q1-18 AND HAVE LIMITED ACCOUNTING EFFECT IN QUARTER.​

* ‍DEFINITIVE AGREEMENT TO SELL SUBSIDIARY Q-FREE D.O.O. BEOGRAD TO BOSKO LEKOVIC​

* ‍NEGATIVE ACCOUNTING EFFECT OF TRANSACTION WAS TAKEN AS PART OF IMPAIRMENT BOOKED IN Q4-17​

* ‍TRANSACTION WILL BE CLOSED IN Q1-18 AND HAVE LIMITED ACCOUNTING EFFECT IN QUARTER.​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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