Résumé:
EAC has sold a number of non-strategic assets and activities. The divestments
result in a profit over book value of DKK 38 million and a positive cash-flow
effect of DKK 143 million.
In line with EAC's focus on its three market-leading businesses, EAC has sold a
number of non-strategic assets and activities. It regards the following:
- The 30% investment in Unza Indochina Pte. Ltd.
- The 35% investment in the Indian wool company Global Wool Alliance Pvt. Ltd.
- Properties of the 60%-owned Malaysian company EAC, Holdings (Malaysia) Snd.
Bhd.
- The 100%-owned EAC Trading Ltd. A/S
- Two financial assets under EAC Industrial Ingredients.
The divestments have a positive cash-flow effect of DKK 143 million and results
in a total profit over book value of DKK 38 million, of which DKK 12 million
from Global Wool is included in the H1 2007 report under discontinued
operations, while DKK 3 million was booked under operating profit in EAC
Industrial Ingredients. The remaining DKK 17 million will be booked in Q3 as
profit from sale of associated companies, while DKK 6 million will be booked as
operating profit in Industrial Ingredi-ents.
The divestments are in line with EAC's focus on the three strategic businesses
EAC Foods, EAC In-dustrial Ingredients and EAC Moving & Relocation Services.
Today, the only non-strategic opera-tional activities, EAC has left, are
shareholdings in two minor Chinese companies.
Yours sincerely,
The East Asiatic Company Ltd. A/S
(A/S Det Østasiatiske Kompagni)
For additional information, please contact:
President & CEO Niels Henrik Jensen, +45 35 25 43 00, +45 20 23 21 88 (mobile),
nhj@eac.dk
Group CFO Michael Østerlund Madsen, +45 35 25 43 00, +45 20 41 09 57 (mobile),
mom@eac.dk
www.eac.dk
This English version is provided for convenience only and in case of
discrepancy the Danish version shall prevail.
