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BRIEF-Alpiq Holding about to finalise divestment of Swissgrid shares and loans
October 6, 2016 / 5:15 AM / 10 months ago

BRIEF-Alpiq Holding about to finalise divestment of Swissgrid shares and loans

1 Min Read

Oct 6 (Reuters) - Alpiq Holding AG :

* On 5 October 2016, Alpiq signed the contracts for the divestment of its Swissgrid share of 30.3% to BKW

* Alpiq will receive a remaining amount of 146 million Swiss francs ($149.74 million)for the transaction

* Proceeds will be used for the further reduction of net debt

* Alpiq expects the transaction to be finalised in the fourth quarter of 2016 Source text - bit.ly/2dtU973 Further company coverage: ($1 = 0.9750 Swiss francs) (Gdynia Newsroom)

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