Brief: Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft Closes Contract With SLSS Europe

Deutsche Effecten Und Wechsel Beteiligungsgesellschaft AG

22/06/2020 08:11

June 22 (Reuters) - Deutsche Effecten- und Wechsel-
Beteiligungsgesellschaft AG  EFFG.DE :
    * SAID ON FRIDAY IT CLOSED CONTRACT ON THE SALE OF THEIR
PARTICIPATION MUETEC WITH SLSS EUROPE
    * EXECUTION OF CONTRACT IS SUBJECT TO SUSPENSIVE CONDITION
OF
APPROVAL BY THE CHINESE GOVERNMENT AND CLEARANCE CERTIFICATE BY
FEDERAL MINISTRY FOR ECONOMY AND ENERGY
    * SLSS INITIALLY ACQUIRES UP TO APPROXIMATELY 24.9% OF
MUETEC
    * AFTER ISSUANCE OF APPROVAL SLSS WILL HOLD THE REMAINING
75.1
PERCENT OF COMPANY
    * THE FULL EXECUTION OF THE AGREEMENT WILL BE COMPLETED IN
THE
CURRENT FINANCIAL YEAR
    * AGREED ON TOTAL PURCHASE PRICE OF EUR 25 MLN INCLUDING
ASSUMPTION OF EUR 6.8 MLN EUROS IN LIABILITIES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ3J99C8a
    
 Further company coverage:  EFFG.DE  
   


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