Brief: Polytec Holding Concludes Agreement For Takeover Of Automotive Business Of Wayand AG

Polytec Holding AG

13/08/2019 15:29

Aug 13 (Reuters) - Polytec Holding AG  POLV.VI :
    * HAS CONCLUDED AN AGREEMENT FOR TAKEOVER OF AUTOMOTIVE
BUSINESS
OF WAYAND AG
    * PLANNED CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE
AT
BEGINNING OF SEPTEMBER 2019
    * FOLLOWING TAKEOVER OF OPERATIVE BUSINESS OF WAYAND AG,
ADDITIONAL SALES REVENUES OF SOME EUR 50 MILLION SHOULD BE
ATTAINED IN 2020

Source text for Eikon:  ID:nPexG2vkqa 
Further company coverage:  POLV.VI 

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