Kapsch TrafficCom has sold its interest in Q-Free ASA.

18.12.2020, 2156 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Vienna - Vienna, December 18, 2020 - Kapsch TrafficCom held a 15.4% interest in Q-Free ASA (Q-Free), a provider of intelligent transportations services from Norway. Because the stake has become non-strategic, it has been for sale for a while. By selling over the stock exchange and, eventually, over-the-counter block trades the stake could be divested at an average price of about NOK 4.73 per share.
In addition to a cash inflow of more than EUR 5 million, this transaction has a positive impact on the financial result of Kapsch TrafficCom and reduces the financial risks of the company.
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
Kapsch has brought projects to fruition in more than 50 countries around the globe. With one-stop solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.
As part of the Kapsch Group and headquartered in Vienna, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market segment of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). In its 2019/20 financial year, around 5,100 employees generated revenues of EUR 731 million.
end of announcement euro adhoc
Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/documents/2235/5/10637348/1/KT...
issuer: Kapsch TrafficCom AG Am Europlatz 2 A-1120 Wien phone: +43 50811 1122 FAX: +43 50811 99 1122 mail: ir.kapschtraffic@kapsch.net WWW: www.kapschtraffic.com ISIN: AT000KAPSCH9 indexes: stockmarkets: Wien language: English
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