Gyproc divestment finalized

Gyproc divestment finalized On Tuesday, the deal was finalized meaning that Scancem sells it 75-percent shareholding in the plasterboard company Gyproc to the minority owner, British BPB plc, after having received the approval of the relevant authorities. As a result of the divestment, Scancem records a capital gain in excess of SEK 900 M. The Group's equity ratio is expected to increase slightly more than 6 percent and net indebtedness is anticipated to be reduced by approximately SEK 1.2 billion. Gyproc has plasterboard plants in Sweden, Norway, Denmark and Finland. Sales in 1997 totaled SEK 870 M and Gyproc has 480 employees. Gyproc also has sales offices in the Baltic states and in Russia. Communications and Public Affairs Tel. +46 40 16 50 00, Fax +46 40 15 91 80 info@hq.scancem.com or ir@hq.scancem.com www.scancem.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/23/19981223BIT00020/bit0001.doc http://www.bit.se/bitonline/1998/12/23/19981223BIT00020/bit0002.pdf

Subscribe