Brief: mic Decides To No Longer Hold 4industries As Long-Term Investment

Pyramid AG

03/12/2019 10:00

Dec 3 (Reuters) - MIC AG  M3BG.DE :
    * DEVALUATION OF A PORTFOLIO COMPANY NECESSARY
    * DECIDED TO NO LONGER HOLD THE SUBSIDIARY 4INDUSTRIES AG AS
A
LONG-TERM INVESTMENT
    * 4INDUSTRIES AG OR ITS REMAINING MAJORITY INTEREST IN
3-EDGE GMBH
ARE TO BE SOLD AS MIC AG DOES NOT SEE ANY GROWTH PROSPECTS OR
STRATEGIC FIT WITH THESE COMPANIES.
    * THE NEED FOR DEPRECIATION AT MIC AG IS EXPECTED TO BE
AROUND EUR
1.1 MILLION
    * A REALISTICALLY ACHIEVABLE PURCHASE PRICE WILL BE
SIGNIFICANTLY
BELOW THE INDIRECT BOOK VALUE OF 3-EDGE GMBH AT MIC AG

Source text for Eikon:  ID:nPexsPGMKa 
Further company coverage:  M3BG.DE 

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