Brief: 3U Holding AG Sells Stake In Weclapp SE And Realises Increase In Value

3U Holding AG

03/09/2022 18:35

Sept 3 (Reuters) - 3U Holding AG  UUUG.DE :
    * PTA-ADHOC: 3U HOLDING AG: 3U HOLDING AG SELLS STAKE IN
WECLAPP
SE AND REALISES INCREASE IN VALUE
    * SALE IMPLIES AN EQUITY VALUE OF AROUND EUR 227 MILLION FOR
ALL
SHARES
    * ERTAN ÖZDIL REMAINS CEO OF WECLAPP SE; COMPANIES, BRANDS
AND
PRODUCTS OF WECLAPP WILL BE CONTINUED
    * CO HOLDS AROUND 71 % OF SHARES  IN WECLAPP SE
    * TRANSACTION IS NOT SUBJECT TO ANY CLOSING CONDITIONS AND
IS
EXPECTED TO BE COMPLETED IN SEPTEMBER 2022
    * INCOME FROM TRANSACTION WILL REACH LOWER THREE-DIGIT
MILLION-EURO RANGE FOR EBITDA AND CONSOLIDATED EARNINGS

Source text for Eikon:  ID:nPexcbdmja 
Further company coverage:  UUUG.DE 

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