CLASQUIN: Sale of GUEPPE Group

LYON, France--()--Regulatory News:

CLASQUIN (Paris:ALCLA) announces the sale today of GUEPPE CLASQUIN Group to ALAINE Group, active in the services of Transport, Logistics and Forwarding, with headquarters in Mâcon (France).

This transaction was completed with the agreement of the management and the minority shareholders of GUEPPE CLASQUIN Group and concerns 100% of the share capital and voting rights of FINANCIERE GUEPPE CLASQUIN, holding company of the subsidiaries GUEPPE CLASQUIN and CHRISTIAN GUEPPE LOCATION. As a reminder, CLASQUIN held a 70% equity interest in FINANCIERE GUEPPE CLASQUIN.

GUEPPE CLASQUIN Group posted 2014 sales of €9.7 million, gross profit of €6.8 million and EBIT of €1.2 million.

This transaction will result in a consolidated accounting capital loss currently estimated at €0.9 million. The final amount will be determined in accordance with GUEPPE CLASQUIN Group’s results for the 2015 financial year.

This sale opportunity is part of CLASQUIN Group’s strategy of focusing on its core business. The transaction will enable the Group to generate cash in order to finance new acquisition projects.

 

Clasquin is an air and sea freight forwarding and overseas logistics specialist.

The Group designs and manages the entire overseas transport and logistics chain, organising and coordinating the flow of client shipments between France and the rest of the world, and more specifically to and from Asia-Pacific and the United States.

Its shares are listed on Alternext Paris, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP.

For more information, see www.clasquinfinance.com.

CLASQUIN confirms its eligibility for the new share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500 million euros or total balance sheet of less than 2,000 million euros).

Clasquin is part of the Enternext©PEA-PME 150 index

Contacts

CLASQUIN CONTACTS
Yves Revol – Chairman and CEO
Philippe Lons – Deputy Managing Director and CFO
Stéphanie Chalandon – Financial Reporting and Logistics Manager
Tel.: +33 (0)4 72 83 17 00
Fax: +33 (0)4 72 83 17 33
Email: finance@clasquin.com

Release Summary

SALE OF GUEPPE GROUP

Contacts

CLASQUIN CONTACTS
Yves Revol – Chairman and CEO
Philippe Lons – Deputy Managing Director and CFO
Stéphanie Chalandon – Financial Reporting and Logistics Manager
Tel.: +33 (0)4 72 83 17 00
Fax: +33 (0)4 72 83 17 33
Email: finance@clasquin.com