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Article: Swedish A-Com divests Norwegian business, eyes SEK 21.3m in rights issue.

Article from:
Nordic Business Report
Article date:
October 15, 2009
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NORDIC BUSINESS REPORT-15 October 2009-Swedish A-Com divests Norwegian business, eyes SEK 21.3m in rights issue(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

15 October 2009 - Swedish market communications group A-Com AB (STO: ACOM) said today it will divest its unprofitable Norwegian operations and will raise SEK21.3m in a guaranteed four-to-five rights issue.

A-Com will now focus on the profitable Swedish business and streamline its structure. The sale of 100% of the shares in Norwegian unit A-Com Norge ASA will bring a sales loss of around SEK192m, of which SEK169m are write-down of goodwill. The ...

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