GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
The Gunnebo group’s result in the fourth quarter 2012 will be burdened by a write-down of loans amounting to 4.6 MEUR related to the divestment of Perimeter Protection (“Perimeter”) to Procuritas Capital Investors IV carried out during 2011. In addition, the Group’s shareholding in Perimeter will be written down, which will negatively impact the result with 0.5 MEUR. The total effect on the result of 5.1 MEUR will be accounted for as a financial cost.
After the divestment of Perimeter 2011 to Procuritas Capital Investors IV, Gunnebo maintained a shareholding of 10%, together with a financing of MEUR 10.3. After the above mentioned write-downs, together with a repayment of a part of the above mentioned financing of MEUR 1.3, the Group will have loans to Perimeter amounting to MEUR 5, with a maintained shareholding of 10% of the shares in Perimeter. The repayment will entirely affect the cash-flow positively. The write-downs will not affect the cash-flow and has no effect on the Group’s net debt.
Gunnebo discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 16.01 CET on December 20, 2012.
The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5 800 people in 32 countries across Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of €580m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Global Services and Entrance Control.
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