Tecan Annual Report
Tecan Annual Report

7  GAIN ON SALE OF FINANCIAL INVESTMENTS

 

The Company sold its investment Andrew Alliance SA in January 2020 for a cash consideration of CHF 4.6 million. The resulting gain was recognized in the income statement of 2020. In addition, an amount of CHF 0.2 million was paid into an escrow account to secure contractual representations and warranties. This amount was released in July 2021.