HERIGE SA (FR:ALHRG) has released an update.
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HERIGE Group finalized the sale of its Materials Trading, Public Works, and Natural Stones sectors to the SAMSE Group, leading to a significant debt reduction of 124.6 million euros and a 23% increase in equity due to a 33.0 million euros capital gain. This strategic divestiture not only improves the company’s financial standing by enhancing its gearing by 90 points but also injects additional funds to fuel its industrial strategy.
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