Brief: Knaus Tabbert To Acquire Two Dealers In Southern Germany

Knaus Tabbert AG

26/11/2021 08:59

Nov 26 (Reuters) - KNAUS TABBERT AG  KTAG.DE :
    * KNAUS TABBERT AG INTENDS TO ACQUIRE TWO DEALERS IN
SOUTHERN
GERMANY
    * LONG-STANDING DISTRIBUTION PARTNER OF KNAUS TABBERT AND A
LEADING SUPPLIER OF RECREATIONAL VEHICLES IN ITS REGION
    * EXPANSION AND SECURING OF OWN PRESENCE IN STRATEGICALLY
IMPORTANT SALES REGIONS
    * SIGNING EXPECTED BEFORE END OF DECEMBER 2021
    * TRANSACTION HAS NO IMPACT ON KNAUS TABBERT AG'S EXISTING
EARNINGS FORECAST FOR 2021 FINANCIAL YEAR
    * BOTH PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE
    * INTENDS TO ACQUIRE WVD SÜDCARAVAN GROUP (FREIBURG,
GERMANY)
CONSISTING OF SUBSIDIARIES CFC-CAMPING FREIZEIT CENTER GMBH AND
WVD-SÜDCARAVAN GMBH
    * AGREEMENT FORESEES THAT KNAUS TABBERT AG WILL TAKE OVER
100
PERCENT OF TWO DEALERSHIPS AS INDEPENDENT COMPANIES
    * MANAGEMENT BOARD OF KNAUS TABBERT AG EXPECTS BUSINESS
TRANSFER
(SIGNING) TO TAKE PLACE IN DECEMBER 2021
    * CURRENT MANAGEMENT WILL CONTINUE TO BE RESPONSIBLE FOR
OPERATIONS AFTER ACQUISITION

Source text for Eikon:  ID:nEQ9zt9jYa 
Further company coverage:  KTAG.DE 

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