Lehto Group Plc, Inside information, profit warning: Proposed transaction causes a material impairment of assets; outlook for 2023 is cancelled; estimate on the adequacy of cash reserves is updated
Lehto Group PlcInside information24 October 2023 at 4.32 p.m. (Finnish time)Lehto Group Plc (“Lehto” or the “parent company”) announced earlier today 24 October 2023 that it has signed a letter of intent concerning the sale of its operative subsidiaries ("Transaction”). The proposed Transaction comprises in practice all of the business operations of Lehto Group. Since the net income generated for the parent company as a result of the consummation of the Transaction would be lower than the net value of the assets classified as available for sale and the related liabilities, the