Brief: Sandpiper Digital Payments Sells Majority Of Pair Solutions GmbH

Sandpiper Digital Payments AG

09/11/2018 06:57

Nov 9 (Reuters) - Sandpiper Digital Payments AG  SDPP.BN :
    * EQS-NEWS: SANDPIPER DIGITAL PAYMENTS AG SELLS MAJORITY OF PAIR SOLUTIONS GMBH
    * REDUCING SANDPIPER SHAREHOLDING FROM 100% TO 25%.
    * DIVESTMENT OF 75% OF PAIR SOLUTIONS GMBH TO AN EXTERNAL INVESTOR
    * CURRENT CEO OF PAIR FRANK STEIGBERGER WILL HAND OVER HIS RESPONSIBILITY
    * PURCHASING PRICE WAS AGREED TO REMAIN CONFIDENTIAL
    * PAIR WAS CONTRIBUTING APPROXIMATELY EUR 500.000 TO REVENUE OF SANDPIPER IN 2017
    * TRANSACTION WILL LEAD TO A LOSS ON STAND ALONE FINANCIAL STATEMENT
    * TRANSACTION WILL GENERATE A BOOKING PROFIT OF EUR 700.000 ON CONSOLIDATED ACCOUNTS OF
SANDPIPER

Source text for Eikon:  ID:nEQ94TPLja 
Further company coverage:  SDPP.BN 

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