Brief: exceet Group Sells Its Portfolio Company GS Swiss PCB

H2APEX SCA

08/10/2021 16:44

Oct 8 (Reuters) - exceet Group SCA  EXCL.DE :
    * SALE OF SWISS COMPANY GS SWISS PCB
    * SIGNED A CONTRACT TODAY WITH A FUND ADVISED BY AFINUM
MANAGEMENT
AG TO SELL ITS PORTFOLIO COMPANY GS SWISS PCB AG
    * COMPLETION OF TRANSACTION IS NOT SUBJECT TO ANY CONDITIONS
AND
IS EXPECTED TO OCCUR UNTIL 31 DECEMBER 2021
    * AGREED PURCHASE PRICE AMOUNTS TO APPROX. CHF 105 MILLION
AND
WILL INCREASE EXCEET GROUP'S NET CASH POSITION (AVAILABLE CASH
LESS INTEREST-BEARING LIABILITIES) AFTER TRANSACTION COSTS TO
ABOUT EUR 110 MILLION AFTER COMPLETION OF TRANSACTION

Source text for Eikon:  ID:nEQ3CtTr6a 
Further company coverage:  EXCL.DE 

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