Brief: AMAG Austria Metall Buys Majority Share Of German Aircraft Philipp Group

AMAG Austria Metall AG

17/08/2020 11:04

Aug 17 (Reuters) - AMAG AUSTRIA METALL AG  AMAV.VI :
    * ACQUIRES MAJORITY SHARE OF GERMAN AIRCRAFT PHILIPP GROUP
    * TAKEOVER IS EXPECTED TO BE CONCLUDED IN LATE AUTUMN
    * IS ACQUIRING A 70 % SHARE OF GERMAN COMPANY AIRCRAFT
PHILIPP
GRUPPE (ACP) HEADQUARTERED IN ÜBERSEE / CHIEMSEE
    * ROLF PHILIPP, SOLE OWNER TO DATE WILL RETAIN A 30 % OF
JOINT
COMPANY AND WILL BE INVOLVED IN FURTHER STRATEGIC DEVELOPMENTS
IN AVIATION SECTOR

Source text for Eikon:  ID:nAPA6HfTn9 
Further company coverage:  AMAV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))