Brief: German Startups Group Exits Its Majority Stake In Exozet Berlin

German Tech Holding GmbH & Co. KGaA

17/12/2019 13:47

Dec 17 (Reuters) - GERMAN STARTUPS GROUP GMBH & CO KGAA
 GSJGn.DE :
    * GERMAN STARTUPS GROUP EXITS ITS MAJORITY STAKE AND
REALIZES
PROCEEDS OF TWO THIRDS OF ITS MARKET CAPITALIZATION FOR IT
    * REALIZES ROUGHLY 11.2M EUROS, RESPECTIVELY, AFTER
DEDUCTION OF
M&A COMMISSIONS ROUGHLY 10.8M EUROS OR 1.00 EURO PER SHARE
    * MANAGEMENT ANTICIPATES A RECORD RESULT FOR 2019 OF ORDER
OF 3 TO
5M EUROS OR 0.27 TO 0.44 EUROS PER SHARE
    * WITH SALE OF EXOZET, GERMAN STARTUPS GROUP REALIZES
CAPITAL
GAINS IN AMOUNT OF 6.1M EUROS OR 0.54 EUROS PER SHARE

Source text for Eikon:  ID:nEQ75lwkwa 
Further company coverage:  GSJGn.DE 

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