Brief: German Startups Group Sells Stakes And Repays Loans Prematurely

German Tech Holding GmbH & Co. KGaA

29/08/2019 09:40

Aug 29 (Reuters) - GERMAN STARTUPS GROUP GMBH & CO KGAA
 GSJGn.DE :
    * SELLS STAKES AND REPAYS LOANS PREMATURELY
    * ACHIEVES A MID-SINGLE-DIGIT MILLION PROCEED (EUROS)
    * A PART OF PROCEEDS WILL BE USED TO REPAY TWO LOANS IN
AMOUNT OF
EUR 2.5 MILLION PREMATURELY, ONE OF THEM WELL BEFORE AGREED
REPAYMENT DATE
    * FOR FULL YEAR 2019, MANAGEMENT EXPECTS SALE PROCEEDS OF
MORE
THAN HALF OF ITS CURRENT MARKET CAPITALIZATION.
    * FOR H2 2019 MANAGEMENT IS FOCUSING ON SALE OF SHARES AND
EXPECTS
THAT IT WILL ACHIEVE SIGNIFICANT CAPITAL GAINS

Source text for Eikon:  ID:nEQ2l3VP6a 
Further company coverage:  GSJGn.DE 

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