Brief: Deutsche Beteiligungs Expects Additional Contribution To Net Income Of Around EUR 13 Mln In Q2

Deutsche Beteiligungs AG

18/04/2024 11:29

April 18 (Reuters) - DEUTSCHE BETEILIGUNGS AG
 DBANn.DE :
    * IN-TECH INVESTMENT SOLD – UNEXPECTED CONTRIBUTION OF 13
MILLION
EUROS TO DBAG’S SECOND QUARTER 2023/2024 NET INCOME
    * ENVISAGES AN ADDITIONAL, UNEXPECTED CONTRIBUTION TO NET
INCOME
OF APPROXIMATELY 13 MILLION EUROS IN Q2 OF 2023/2024
    * COMPLETION OF TRANSACTION IS SUBJECT TO APPROVAL BY
VARIOUS
AUTHORITIES
    * IN COURSE OF TRANSACTION DBAG ALSO SOLD ITS 15.8 PER CENT
STAKE
(ON A LOOK-THROUGH BASIS)
    * FORECAST FOR 2023/2024 FINANCIAL YEAR, AS SET OUT IN
ANNUAL
REPORT 2022/2023 CONTINUES TO APPLY
    * COMPLETION OF TRANSACTION IS SUBJECT TO APPROVAL BY
VARIOUS
AUTHORITIES
    * PROCEEDS GENERATED FROM DISPOSAL MARKEDLY EXCEED FAIR
VALUE OF
DBAG'S INTEREST IN IN-TECH AS REPORTED IN DBAG'S MOST RECENT
QUARTERLY STATEMENT
    * NET INCOME FOR Q2 OF CURRENT FINANCIAL YEAR MAY BE SUBJECT
TO
FURTHER POSITIVE OR NEGATIVE EFFECTS FROM VALUATION OF REMAINING
PORTFOLIO COMPANIES

Source text for Eikon:  ID:nEQ5Wy6Q0a 
Further company coverage:  DBANn.DE 

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