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MT Højgaard Holding M&A Activity 2018

Dec 28, 2018

3447_rpt_2018-12-28_9666baad-5008-4b0a-8c66-efc4372a87cf.html

M&A Activity

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Transactions between related parties

As part of the preparation of the merger of Højgaard Holding A/S and Monberg & Thorsen A/S an ʽadaptation/alignmentʼ of the balance sheets of the two companies is foreseen as of 31.12.2018. In this connection, Højgaard Holding A/S has made a decision to sell the share capital of the subsidiary Højgaard Industri A/S to Knud Højgaards Fond at a market value of DKK 32.4 million. The market value has been determined by two independent valuation experts.

At the same time, Knud Højgaards Fond has made a decision to waive a claim against Højgaard Holding A/S at the level of DKK 10 million at par.

Best regards,

Højgaard Holding A/S

Ditlev Fløistrup

CEO

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