INCUS Investor ASA - Sale of Scana Prppulsion AS is finalized
With reference to the stock Exchange notice published on 20 December 2016 and extended announcement 23. December, it is now confirmed that the sale of Scana Propulsion AS and its subsidiaries is finalized. The sale comprises the Norwegian subsidiaries Scana Volda AS and Scana Mar-El AS and three smaller subsidiaries in China, Singapore and the United States. Agreed Enterprise Value (EV) is approximately 84 million. The sale will have a positive effect for incus Investor with approximately 48 MNOK, and have a positive effect on liquidity.
For further information, please contact: - Bjørn Torkildsen, CEO incus Investor ASA, mobile phone. +47 919 19 742 - Kjetil Flesjå, CFO incus Investor ASA, mobile phone. +47 900 41 213
This information is subject to disclosure under the Norwegian Securities Trading Act section 5-12.