Divestment of minority stake in the port of Norrköping generates profit of SEK 10 m for Broström
By selling Broström’s financial holding of 2.8% in Norrköpings Hamn & Stuveri AB, a profit before tax of about SEK 10 m is being realised.
Broström has a minority stake as one of the private shareholders in the company operating the port of Norrköping, Norrköpings Hamn & Stuveri AB. Broström’s ownership represents 2.8% of the company. The local community, Norrköpings Kommun, holds 40% wheras the balance is being owned by private companies including Broström. All private owners have now agreed to sell their shares to Norrköpings Kommun. The sale generates a profit before tax of about SEK 10 m for Broström. The agreement is subject to final approval by Norrköpings Kommun wherafter the transaction is expected to be finalised in October this year.
Göteborg, 10 August 2007
BROSTRÖM AB (publ)
Reference: Lennart Simonsson, CEO of Broström, Tel +46 31 61 61 00