Brief: QSC Enters Into Purchase Agreement Regarding Sale Of All Shares In Plusnet

QBeyond AG

07/05/2019 07:02

May 7 (Reuters) - QSC AG  QSCG.DE :
    * ENTERS INTO PURCHASE AGREEMENT REGARDING THE SALE OF ALL
SHARES
IN PLUSNET GMBH
    * PROCEEDS FROM SALE TO BE USED TO REPAY DEBT AND BOOST
QSC'S
CLOUD AND IOT OPERATIONS
    * CLOSING OF TRANSACTION IS EXPECTED TO OCCUR IN Q3 OF 2019
    * PURCHASE PRICE (EQUITY VALUE) AMOUNTS TO EUR 229 MILLION

Source text for Eikon:  ID:nEQCYMGTa 
Further company coverage:  QSCG.DE 

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