Stern Groep N.V. in negotiations with Hedin Mobility Group, regarding the sales of Stern Facilitair B.V.

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The Dutch listed mobility group in automotive retail and services Stern Groep N.V. reports that it is in negotiations with Hedin Mobility Group AB concerning the sale of all the shares in Stern Facilitair B.V. Hedin Mobility Group is a family-owned company that operates in Sweden, Norway, Denmark, Germany, Belgium, and Switzerland, within the field of sale and service of vehicles. The sales involve all core operating assets of Sten, thus not the shares Stern holds in Bovemij. The value of the transaction is at least 103 million and the cash to be paid by Hedin Mobility Group is 83 million, which makes the dividend 14.75 per share.

 

Source, Marketscreener, click here.

To read the press release by Stern, click here. 

Stern Groep NV is only responsible for the information communicated in the press release.

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