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DUE - Duerr AG News Story

€33.46 -1.3  -3.9%

Last Trade - 10:55am

Sector
Industrials
Size
Mid Cap
Market Cap £2.07bn
Enterprise Value £2.06bn
Revenue £2.86bn
Position in Universe 297th / 1051

BRIEF-Duerr buys 75% of Teamtechnik Maschinen und Anlagen GmbH

Wed 16th December, 2020 5:07pm
Dec 16 (Reuters) - Duerr AG  DUEG.DE :
    * DGAP-ADHOC: DÜRR AG: DÜRR EXPANDING AUTOMATION BUSINESS
WITH
MAJORITY STAKE IN TEAMTECHNIK
    * SAYS IS ACQUIRING 75% OF SHARES IN TEAMTECHNIK MASCHINEN
UND
ANLAGEN GMBH AND THUS STRENGTHENING ITS POSITION IN AUTOMATION
MARKET
    * SAYS PURCHASE CONTRACT IS STILL SUBJECT TO ANTI-TRUST
CLEARANCE
AND IS EXPECTED TO BE CLOSED IN FEBRUARY 2021
    * SAYS PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE

Source text for Eikon:  urn:newsml:reuters.com:*:nEQbz9pF2a
Further company coverage:  DUEG.DE 

 (Frankfurt newsroom)
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