Press releaseAll the necessary administrative authorizations having been obtained for the sale of 20% of Fitch Group to Hearst Communication, Fimalac has now received the €300 million proceeds from sale.
The transaction will be recognized in the fiscal 2010 financial statements. It will generate a net capital gain of €249 million, that will be included in profit in the statutory accounts. The effect on consolidated equity is expected to be an increase of around €200 million.