DJ R.E.A. Holdings plc: Annual report in respect of 2023 R.E.A. Holdings plc (RE.) R.E.A.
R.E.A. Holdings plc R.E.A. Holdings plc: Annual report in respect of 2023 25-Apr-2024 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- R.E.A.
Overview - Implementation of several strategic initiatives to streamline the group structure and reduce net indebtedness - Subscription of further shares in REA Kaltim by the DSN group in March 2024 for estimated consideration of in excess of USD50 million, increasing DSN's investment in the operating sub-group from 15 per cent to 35 per cent - Potential divestment of CDM based on a value for CDM's business of some USD25 million - Minority interests in subsidiaries bought out and...
for 2023 amounted to USD43.6 million, a USD25.5 million reduction on the 2022 comparative of USD69.1 million. As in previous years, of the first half of USD15.5 million. Losses on disposals of subsidiaries and similar charges incurred during the year totalled USD26.0 million. Of this amount, USD23.6 million reflected the impairment of the CDM asset now held for sale and the effect of adjusting CDM's assets to their fair value in accordance with the terms of the potential sale to the DSN group. The further USD2.4 million arose from the reorganisation of the REA Kaltim sub-group.
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