November 02, 2009 12:32 ET

FIMALAC: Fimalac completes the sale of 20% of Fitch Group to Hearst Communication

PARIS--(Marketwire - November 2, 2009) - All the necessary administrative authorizations having been obtained for the sale of 20% of Fitch Group to Hearst Communication, Fimalac has now received the EUR 300 million proceeds from sale.

The transaction will be recognized in the fiscal 2010 financial statements. It will generate a net capital gain of EUR 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 EUR 200 million.

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