Brief: SGT German Private Equity Receives CFIUS Approval For SGT Capital's Acquisition Of Utimaco

German Tech Holding GmbH & Co. KGaA

26/11/2021 13:54

Nov 26 (Reuters) - SGT GERMAN PRIVATE EQUITY GMBH & CO KGAA
 SGFn.DE :
    * SGT GERMAN PRIVATE EQUITY RECEIVES CFIUS APPROVAL FOR SGT
CAPITAL'S ACQUISITION OF UTIMACO
    * SGT GERMAN PRIVATE EQUITY RECEIVES CFIUS APPROVAL FORSGT
CAPITAL'S ACQUISITION OF UTIMACO
    * MANAGEMENT OF SGTPTE EXPECTS SGTPTE TO BE PROFITABLE
ALREADY IN
2021
    * COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES (CFIUS)
HAS
COMPLETED ITS THOROUGH REVIEW OF TRANSACTION IN UTIMACO
INCLUDING SGT CAPITAL AND ITS PRINCIPALS, AND GRANTED APPROVAL
    * CLOSING OF TRANSACTION REMAINS SUBJECT TO APPROVAL OF
BUNDESMINISTERIUM FÜR WIRTSCHAFT UND ENERGIE
    * TRANSACTION IS EXPECTED TO CLOSE SHORTLY AFTER ALL
NECESSARY
APPROVALS HAVE BEEN GRANTED
    * IF THIS APPROVAL WAS NOT GRANTED BEFORE YEAR END, IT WOULD
BECOME SUBJECT TO AN APPROVAL OF UK AUTHORITIES AS WELL, BECAUSE
OF BREXIT AND AN EXEMPTION FROM SUCH APPROVAL REQUIREMENT ENDING
ON 31.12.21

Source text for Eikon:  ID:nEQMnL2Ba 
Further company coverage:  SGFn.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))