Genève, 06.07.2004 - Ad-hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich.
EIC Electricity SA EIC Electricity sells Swedish District Heating Business
In the context of an overall settlement, Scandinavian Energy Finance Limited ("SEFL") sold its 7 district heating systems to its main lender, Lantbrukskredit AB. EIC owns 67% of SEFL and expects net proceeds of approx. CHF 6 million as a result of the transaction. This compares to a book value of CHF 10.4 million and implies a NAV reduction of CHF 2.9 per share from CHF 17.3 to CHF 14.4. The write down will be recorded effective June 30, 2004.
EIC is listed on the Swiss Exchange (SWX) and on the Frankfurt Securities Exchange (Bloomberg: EIC SW Equity / EIV GR Equity). The Company, after the reported sale, holds two private equity investments in the fields of power generation and power trading.
Rückfragehinweis: For further inquiries please contact: EIC Partners AG, Phone: +41 43 844 10 00. Tel: +41(0)22 849 06 06 FAX: +41(0)22 849 06 10 Email: email@example.com
Ende der ad-hoc-Mitteilung
WKN: 940179 ISIN: CH0007162958 Marktsegment: Investment Index (IGSP), Amtlicher Markt Frankfurter Wertpapierbörse, SWX Swiss Exchange