FIMALAC: Fimalac completes the sale of 20% of Fitch Group to Hearst Communication

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FIMALAC: Fimalac completes the sale of 20% of Fitch Group to Hearst Communication

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FIMALAC: Fimalac completes the sale of 20% of Fitch Group to Hearst Communication

//business-finance.news-articles.net/content/200 .. f-20-of-fitch-group-to-hearst-communication.html

Published in Business and Finance on Monday, November 2nd 2009 at 9:36 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

PARIS--(Marketwire - November 2, 2009) - All the necessary administrative authorizations having been obtained for the sale of 20% of Fitch Group to Hearst Communication, Fimalac has now received the EUR 300 million proceeds from sale.

The transaction will be recognized in the fiscal 2010 financial statements. It will generate a net capital gain of EUR 249 million, that will be included in profit in the statutory accounts. The effect on consolidated equity is expected to be an increase of around EUR 200 million.

This information is provided by HUGIN

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