Skive, Denmark, 2014-07-04 08:46 CEST (GLOBE NEWSWIRE) --
Information about Closing related to divestment of the business segment Telecom
As stated in company announcement no. 3, 24 March 2014, Dantherm entered into an agreement with the parent company of China Technologies Holdings Group Co., Ltd. on the divestment of the Telecom business segment.
As stated in company announcement no. 7, 6 June 2014 the buyer has obtained regulatory approvals under Chinese rules on foreign investments at the end of May 2014, and the buyer has subsequently started formation of a European holding company for completing the acquisition.
It was expected that formation of the company and thus Closing related to the divestment, could be completed in June 2014, but since the formation requires various legal measures, which are still in process, Closing is now expected to be completed in July 2014.
Any enquiries concerning this announcement can be directed to President & CEO Torben Duer on tel. +45 99 14 90 14.
