Bilia Norway has sold its holding in Viking Redningstjeneste AS. The sale was announced in February 2006 and was conditional on the approval of the competition authority. Such approval was not obtained, but the transaction is now being executed at the buyer's risk.
The capital gain on the shares amounts to SEK 7.2 M as opposed to SEK 10.8 M as previously stated. The difference is due mainly to the fact that the sellers of Viking Redningstjeneste are keeping a property whose value share for Bilia is estimated at SEK 1.5 M, plus a lower exchange rate for the Norwegian krone.
Part of the capital gain, SEK 6.5 M, will be recognised in November 2006 and the remaining SEK 0.7 M after three months, provided no guarantee requirements are made.
Göteborg, 30 November 2006
Bilia AB (publ.)
For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist, CFO, Bilia AB, telephone +46 31 709 55 00.
