Brief: JENSEN-GROUP Acquires A Majority Stake In MAXI-PRESS

Jensen-Group NV

23/07/2024 07:09

July 23 (Reuters) - Jensen-Group NV  JEN.BR :
    * ACQUIRES A MAJORITY STAKE IN MAXI-PRESS
    * ANNOUNCES ACQUISITION OF 85% OF SHARE CAPITAL OF
MAXI-PRESS
HOLDING GMBH, GERMANY AND ITS SUBSIDIARIES
    * PURCHASE PRICE EUR 34.3 MLN ON A CASH-/DEBT-FREE BASIS
    * FINANCIAL STRUCTURE OF THE TRANSACTION IS  FACILITATED
THROUGH
DIRECT CASH PAYMENTS COMPLEMENTED BY A ROLL-OVER LOAN AMOUNTING
TO EUR 24 MLN
    * THE TRANSACTION IS SET TO TAKE EFFECT RETROACTIVELY FROM
JANUARY
1, 2024
    * WILL ACQUIRE THE REMAINING 15% STAKE IN  MAXI-PRESS IN
COURSE OF
NEXT THREE YEARS
    * FOUNDING CEO, MR. ZAISER, HAS AGREED TO CONTINUE TO SERVE
AS
MANAGING DIRECTOR OF MAXI-PRESS, AT LEAST FOR THE NEXT THREE
YEARS

Source text: https://tinyurl.com/4emuaet9
Further company coverage:  JEN.BR 

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