Appointment of Advisor
23 Novembro 2007 - 8:00AM
RNS Non-Regulatory
EuroTrust A/S
23 November 2007
Press release
For immediate release
23 November 2007
EuroTrust A/S
Appointment of Advisor
EuroTrust A/S ("EuroTrust" or "the Company") (AIM:EURO), the wind energy and
property development company, today announces that it has appointed Carnegie
Bank A/S as advisor for the sale of the shares in its property division
companies.
EuroTrust announced on 17 September 2007 the intention to concentrate on its
fast growing wind energy business, with one of the options being to divest
shares in its property development operations, which comprise Aktiv Gruppen
Holding A/S, Aktiv Gruppen Norge A/S and Real Ejendomme A/S.
Carnegie Bank A/S will now commence production of an Information Memorandum for
the Company's property portfolio, which is expected to be submitted to
interested parties in early 2008. The sale of the shares of EuroTrust's property
division companies is expected to be completed before the end of the current
fiscal year.
Robert Skjodt, CEO, commented: "We have completed a significant amount of the
work required in order to prepare the property division for sale. We look
forward to working closely with Carnegie with a view to executing the sale of
the shares of the property division next year".
--ENDS--
For further information please contact:
EuroTrust 00 45 7696 6000
Robert Skjodt
Carnegie Bank 00 45 3288 0200
Thor Hvid
Cenkos Securities 00 44 (0)20 7397 8926
Stephen Keys
West Hill Corporate Finance 00 44 (0)20 7464 8822
Alan Richards
Haggie Financial 00 44 (0)20 7417 8989
Peter Rigby/Alexandra Parry
Notes to Editors:
EuroTrust
EuroTrust A/S is a leading Danish property developer and renewable power
producer listed on the AIM market of London Stock Exchange. EuroTrust A/S has
171 MW of wind power generation in operation or under construction in Germany,
Italy, Spain and Poland, and 44 commercial and residential property development
projects in Denmark and Norway.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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