Trelleborg has signed a final agreement with Freudenberg to sell its shares in Vibracoustic to Freudenberg. The finalization of the transaction is expected in the second quarter of 2016, subject to the approval from relevant authorities.
Vibracoustic will, from the first quarter of 2016, be reported as Asset Held for Sale. In the Income Statement for previous periods, the associate income from Vibracoustic will be restated as Discontinuing Operations.
A press release about the agreement in principle between the parties was communicated on April 7, 2016.