World News: 17:42 GMT Thursday 6th December 2018. [EQS Group via SPi World News]
Bellevue Group AG / Key word(s): Miscellaneous
Küsnacht, December 6, 2018
Upward revaluation of interest in SIX Group
SIX Group AG informed its shareholders today that the divestment of its Payment Services unit to Worldline would result in a provisional gain of CHF 2.7 bn for SIX Group AG. Bellevue Group AG holds 1.175% of the shares of SIX Group AG through its subsidiary Bank am Bellevue AG. Applying a discount to reflect the lack of liquidity and taking into consideration deferred taxes, Bellevue Group AG calculates that this revaluation will increase the fair value of its interest in SIX Group AG by about CHF 23 mn to a total of CHF 43.8 mn. This remeasurement gain must be recognized directly in equity as other comprehensive income. Reported equity of Bellevue Group AG as of June 30, 2018 amounted to
Media / Investor Relations: Daniel Koller, CFO
End of ad hoc announcement
|Company:||Bellevue Group AG|
|Phone:||+41 44 267 67 00|
|Fax:||+41 44 267 67 01|
|Listed:||SIX Swiss Exchange|
|End of Announcement||EQS Group News Service|
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