Brief: Paragon Plans Sale Of Stake In Voltabox

paragon GmbH & Co KgaA

03/03/2020 09:57

March 3 (Reuters) - PARAGON GMBH & CO KGAA  PGNG.DE :
    * PARAGON PLANS SALE OF STAKE IN VOLTABOX
    * AIMS TO INVEST PROCEEDS INTO ITS CORE AUTOMOTIVE BUSINESS
    * CURRENTLY HOLDS 60 PERCENT OF SHARE CAPITAL OF VOLTABOX
AG;
REMAINING 40 PERCENT IS IN FREE FLOAT
    * DECISION DUE TO EVER FEWER OVERLAPS BETWEEN BUSINESS
MODELS OF
PARAGON AND VOLTABOX
    * OPTIONS CURRENTLY BEING WEIGHED BY PARAGON RANGE FROM A
PARTIAL
SALE TO SALE OF ENTIRE STAKE

Source text for Eikon:  ID:nEQ6MmGkda 
Further company coverage:  PGNG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))