RTX transfers the shares in the subsidiary in Brazil

Today RTX has entered an agreement concerning the transfer of RTX's 90% share of our Brasilian subsidiary. The shareholding is sold to the company Carvin Holding LLC, Delaware in the US.

 | Source: RTX A/S RTX A/S

The transfer is the result of a process during which RTX’s Management has examined the possibilities of closing the 90% owned subsidiary in the best possible way. The company was part of the business unit that RTX closed and classified as discontinuing operations in the financial year 2009/10.

 

The transfer is expected to contribute with an amount of approx. DKK 0.6 million to be entered in the profit and loss account for the first quarter of 2013/14 under ”discontinued operations”.

 

The above transfer does not affect our previously announced expectations to the financial year 2012/13.

 

 

Yours faithfully

RTX A/S

 

Flemming Hynkemejer

President & CEO                                     

 

Questions and further information:

Flemming Hynkemejer, tel. +45 96 32 23 00

 

Please visit RTX’s website at: www.rtx.dk

Attachments

FB2013 11_UK transfer of shares in subsidiary.pdf
GlobeNewswire