Arvo Sijoitusosuuskunta has sold all of its 896,806 shares in HANZA AB at a sale price of approximately 139.5 million Swedish krona (MSEK), which translates to a positive earnings impact of approximately 6.8 million euros (MEUR) for the current financial year. The final capital gain will be determined by the exchange rate difference specified upon the settlement of the trades.
And there go the Hanza shares. Looking at Hanza’s valuation, which at a quick glance is around P/E 30 (info may not be accurate), one has to be satisfied with the sale. The cooperative interest will likely be good next year as well.