Brief: Indus Holding Disposes Of Automotive Suppliers In Portfolio
28/07/2023 17:33
July 28 (Reuters) - INDUS HOLDING AG INHG.DE :
* DISPOSES COMPLETELY OF AUTOMOTIVE SUPPLIERS IN PORTFOLIO
* CONTRACT ON SALE OF SELZER GROUP SIGNED
* SALE OF DISCONTINUED OPERATIONS COMPLETED
* FOCUS ON HIGHLY SPECIALIZED INDUSTRIAL TECHNOLOGY IS
PROGRESSING
* AS A RESULT OF INVESTMENTS ALREADY MADE AND PLANNED
PRODUCTION
LAUNCHES, SELZER GROUP'S ANNUAL SALES WILL GROW FROM AROUND EUR
65 MILLION TODAY TO AROUND EUR 130 MILLION BY 2025.
* PURCHASE AGREEMENT WAS SIGNED ON 28 JULY 2023. PARTIES
AGREED
NOT TO DISCLOSE DETAILS OF CONTRACT. SALE IS SUBJECT TO APPROVAL
BY FEDERAL COMPETITION AUTHORITY.
* SELZER GROUP WILL BURDEN RESULT OF DISCONTINUED OPERATIONS
FOR
LAST TIME WITH AN AMOUNT OF APPROX. EUR 21 MILLION IN FINANCIAL
YEAR 2023.
Source text for Eikon: ID:nEQb393Yma
Further company coverage: INHG.DE
(Gdansk Newsroom)
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