Dalhoff Larsen & Horneman A/S
DLH disposes of its Polish and Slovakian entities in line with the strategy agreed upon

Dalhoff Larsen & Horneman A/S 

16.07.2014 16:46

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Dalhoff Larsen & Horneman A/S has today signed an agreement about sale of its
Polish and Slovakian entities to the Polish conglomerate, Grass Polska. 

In 2013 the total revenue of the Polish and Slovakian entities amounted to DKK
207 million and obtained a net result at zero. The transaction awaits the
approval by the Polish competition authorities and is expected to be finalized
in the beginning of 3rd Quarter 2014. 

The transaction is realized at book value with net proceeds to DLH at approx.
DKK 100 million. 

'I am pleased that we have finalized this transaction. We have found a good
future ownership to our competent Polish and Slovakian employees. The purchase
price is acceptable and enables us to further reduce our interest bearing debt
by around DKK 100 million. This brings DLH closer to realization of the
strategy from January 2014.', says Kent Arentoft, President & CEO. 

About Grass Polska

Grass Polska is a Polish conglomerate conducting a number of distribution
businesses. 


         For further information about this announcement, please contact Kent
Arentoft, President & CEO, on tel: +45 4350 0100.
News Source: NASDAQ OMX



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Language:     English
Company:      Dalhoff Larsen & Horneman A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060038933
WKN:          
 
End of Announcement                             DGAP News-Service
 
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