Brief: Grenke Acquires 25 Percent Of Miete24

Grenke AG

20/04/2023 09:02

April 20 (Reuters) - GRENKE AG  GLJn.DE :
    * ACQUIRES 25 PERCENT OF ONLINE PLATFORM “MIETE24”
    * PURCHASE PRICE FOR STAKE IN MIETE24 IS IN LOW SINGLE-DIGIT
MILLION RANGE
    * PURCHASE PRICE FOR STAKE IN MIETE24 IS IN LOW SINGLE-DIGIT
MILLION RANGE
    * GRENKE HAS SECURED A LONG-TERM OPTION FOR A FULL TAKEOVER
    * ANNOUNCED AN INVESTMENT IN "MIETE24 P4Y GMBH" AMOUNTING TO
A 25
PERCENT STAKE PLUS ONE VOTING SHARE
    * ROLLOUT AT GRENKE WILL TAKE PLACE SUCCESSIVELY WITH
SELECTED
RESELLERS IN MONTHS AHEAD
    * AFTER NEW DIGITAL PLATFORM HAS BEEN SUCCESSFULLY LAUNCHED
IN
GERMANY, IT WILL BE IMPLEMENTED INTERNATIONALLY AS QUICKLY AS
POSSIBLE

Source text for Eikon:  ID:nEQb7R139a 
Further company coverage:  GLJn.DE 

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