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MUX Mutares SE & Co KgaA News Story

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Brief: Mutares Completes Successful Exit Of Steyr Motors

Nov 20 (Reuters) - MUTARES SE & CO KGAA MUXG.DE:

COMPLETES SUCCESSFUL EXIT OF STEYR MOTORS – HIGH DEMAND AMONG INSTITUTIONAL INVESTORS

SELLS REMAINING 23% STAKE IN STEYR MOTORS

SIGNIFICANT CASH INFLOW WITH ROIC WELL ABOVE TARGET RANGE

GENERATED TOTAL GROSS PROCEEDS OF MORE THAN EUR 170 MILLION, ACHIEVING A ROIC WELL ABOVE TARGET RANGE

Source text: ID:nEQ5LrCQLa

Further company coverage: MUXG.DE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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