Brief: Montana Aerospace Divests Majority Share Of Its Non-Core Machine Building Capacities

Montana Aerospace AG

27/12/2022 06:03

Dec 27 (Reuters) - Montana Aerospace AG  AERO.S :
    * MONTANA AEROSPACE DIVESTS MAJORITY SHARE OF ITS NON-CORE
MACHINE
BUILDING CAPACITIES
    * TRANSACTION IS CONCLUDED AT AN ATTRACTIVE VALUATION,
SUPPORTING
FY2022 EBITDA AND REDUCING NET DEBT BY A LOW DOUBLE-DIGIT EUR
MIO. AMOUNT
    * SELLING PRICE WILL BE PAID IN CASH
    * BUYER IS AN ENTITY DIRECTLY OWNED BY DDR. MICHAEL TOJNER,
CO-CHAIRMAN OF COMPANY
    * POTENTIALLY JOINED BY A CONSORTIUM OF MEMBERS OF
MANAGEMENT OF
ALPINE METAL TECH (AMT)
    * IN A FIRST STEP, MONTANA AEROSPACE AG WILL REMAIN A
MINORITY
SHAREHOLDER OF AMT (47%)
    * PARTIES AGREED NOT TO DISCLOSE SELLING PRICE

Source text for Eikon:  ID:nPexbN4lBa 
Further company coverage:  AERO.S 
 ((frankfurt.newsroom@thomsonreuters.com;))