Brief: Grenke Signs Purchase Agreements For First Franchise Companies In Usa and Singapore

Grenke AG

23/05/2022 09:07

May 23 (Reuters) - GRENKE AG  GLJn.DE :
    * TOTAL PURCHASE PRICE AGREED TO FOR ACQUIRED SHARES IN BOTH
COMPANIES AMOUNTED TO APPROXIMATELY EUR 300,000
    * PAYMENT OF PURCHASE PRICE WILL DIRECTLY REDUCE GRENKE AG'S
EQUITY
    * TRANSACTIONS ARE EXPECTED TO CLOSE DURING REMAINDER OF Q2
OF
2022
    * THESE PURCHASE AGREEMENTS DO NOT AFFECT GRENKE'S SCOPE OF
CONSOLIDATION UNDER IFRS, AS ALL FRANCHISE COMPANIES HAVE
ALREADY BEEN INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS UNDER
IFRS

Source text for Eikon:  ID:nEQ4z3xlLa 
Further company coverage:  GLJn.DE 

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