16:19:46 Europe / Stockholm

Prenumeration

2023-08-01 19:00:00

August 1st
 
Compact Bidco B.V.
J.G. van der Stoopweg 11
2396BH Koudekerk aan de Rijn
The Netherlands
 
Koudekerk aan de Rijn, the Netherlands.
 
On August 1st 2023 Compact Bidco B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (the “Company” and together with its subsidiaries, the “Consolis Group”) entered, through its Danish subsidiary Spæncom A/S (Consolis Group subsidiary in Denmark), into a sale and leaseback transaction regarding two of its factories in Denmark. The agreed value for the two properties is € 16.5 million and with an initial duration for the lease of 25 years. Signing and completion of the transaction occurred on August 1st, 2023. The transaction will add € 12 million of liquidity to Consolis Group after reimbursement of existing loans. The agreement ensures that Consolis Danish operations can continue to run their existing business in the long term. The annual rent for these facilities will be at € 1.5 million and paid quarterly in advance.
 
This announcement may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company’s or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.