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Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease
Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border
About this update from Burgenland Holding Ag
DGAP-Ad-hoc: Burgenland Holding AG / Key word(s): Agreement/Forecast Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent stake, prematurely ends its US Cross Border Lease 21-Aug-2019 / 15:23 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today's meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG's networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG. For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year's financial result is expected. Contact: Burgenland Holding AG Member of Executive Board Dr. Klaus Kohlhuber Technologiezentrum Marktstraße 3 7000 Eisenstadt Phone: +43 2236 200-12398 E-Mail: [email protected] 21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Burgenland Holding AG Marktstraße 3 7000 Eisenstadt Austria Phone: +43 2236 200 24186 Fax: +43 2236 200 84703 E-mail: [email protected] Internet: www.buho.at ISIN: AT0000640552 WKN: 879095 Listed: Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market) EQS News ID: 861025 End of Announcement DGAP News Service 861025 21-Aug-2019 CET/CEST
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