Brief: Blue Cap Acquires Majority Stake In HY-Line Group And Adjusts 2021 Forecast

Blue Cap AG

05/08/2021 14:13

Aug 5 (Reuters) - BLUE CAP AG  B7EG.DE :
    * ACQUIRES MAJORITY STAKE IN THE HY-LINE GROUP AND ADJUSTS
FORECAST FOR THE 2021 FINANCIAL YEAR
    * ACQUISITION OF OVER 90% IN HY-LINE VERWALTUNGS GMBH
(HEREINAFTER
"HY-LINE") AND ITS FOUR OPERATIVE SUBSIDIARIES FROM A GROUP OF
PRIVATE INVESTORS
    * PURCHASE PRICE IN LOWER THIRD OF DOUBLE-DIGIT MILLION
RANGE
    * ACQUISITION OF HY-LINE IS EXPECTED TO BE COMPLETED ON 1
SEPTEMBER 2021
    * OUTLOOK 2021: EXPECTS SALES OF ABOUT EUR 265-275 MIL
(PREVIOUSLY: 255-265 MILLION EURO) AND EBITDA MARGIN OF 8-9%

Source text for Eikon:  ID:nEQ1ndGZva 
Further company coverage:  B7EG.DE 

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