Original title: China Tianying intends to sell 100% stake in Urbaser, SAU
Chinese Tianyingeveningannouncement, Firion Investments, SLU, a subsidiary company 100% controlled by the company. To Global Moledo, SLU in cash. Sold its holdings of Urbaser, SAU. 100% equity. Urbaser, SAU to be sold in this transaction. The estimated value of 100% equity is approximately 1.438 billion euros. After the transaction is completed, the listed company will no longer hold Urbaser’s equity.
The company said that after the completion of this transaction, the company’s goodwill and debt-to-asset ratio will significantly decrease, and the company will obtain sufficient funds to promote project construction and support the implementation of the company’s development strategy, help the company cultivate new growth poles, and promote rapid business with innovation. Growth, the company’s profitability will be further improved.
(Source: China Securities Net)
(Editor in charge: DF062)
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