Brief: Mic AG: 4industries successfully sells its 80% stake in FIBOTEC FIBEROPTICS GmbH

Pyramid AG

30/12/2016 08:26

Dec 30 (Reuters) - Mic AG  M3BG.DE : 
    * In course of management buyout, 4industries AG, a 87.8% 
subsidiary of Mic AG, successfully sells its 80% stake in 
FIBOTEC FIBEROPTICS GmbH, Meiningen 
    * The purchase price, which consists of a six-digit cash and 
earn-out component, was not disclosed 
    * Mic AG also sells 50% stake in Wearable Technologies AG 
(WT) to Navispace AG, which belongs to WT's executive board, 
Christian Stammel 
 
Source text for Eikon:  ID:nEQ5vBkh6  
Further company coverage:  M3BG.DE  
 
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