Brief: Navigator Equity Solutions Sells Around 51% Stake In IT Competence Group

Audius SE

15/03/2019 11:25

March 15 (Reuters) - Navigator Equity Solutions SE  NUQ.MU :
    * SELLS AROUND 51 PERCENT STAKE IN IT COMPETENCE GROUP SE TO AUDIUS AG
    * CALL AND PUT OPTIONS OVER REMAINING PERIOD OF 3 YEARS WERE AGREED WITH BUYER ON REMAINING
SHARES
OF AROUND 22%
    * CASH INFLOWS FOR NAVIGATOR EQUITY SOLUTIONS TO AMOUNT TO BETWEEN EUR 8.1 MILLION AND 9.7
MILLION
    * SEES TO MAKE CONTRIBUTION TO EARNINGS IN LOWER SINGLE-DIGIT MILLION RANGE FROM SALE IN
ADDITION
TO CASH INFLOW OUTLINED

Source text for Eikon:  ID:nPexf4fGSa 
Further company coverage:  NUQ.MU 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))