Brief: Schumag: Majority Of Schumag Shares Change Hands

SchumAG AG

19/03/2018 06:22

March 19 (Reuters) - Schumag AG  SCMG.F :
    * SAID ON FRIDAY MAJORITY OF SCHUMAG SHARES SOLD
    * EXISTING SHAREHOLDER MEIBAH INTERNATIONAL GMBH DIVESTED
ALL OF
ITS SCHUMAG SHARES (2.2 MLN SHARES, AROUND 54.6 PCT OF SCHUMAG
SHARE CAPITAL) TO THREE INDEPENDENTLY ACTING INVESTORS, NAMELY
CODA BETEILIGUNGS GMBH BASED IN AACHEN, NOMAINVEST SA BASED IN
EUPEN/BELGIUM AND ELR VERMÖGENSVERWALTUNGS- UND
BETEILIGUNGSGESELLSCHAFT MBH BASED IN AACHEN
    * COMPLETION OF TRANSACTION EXPECTED IN THE COMING DAYS
    * NONE OF THE THREE INVESTORS WILL ACQUIRE 30 PERCENT OR
MORE
VOTING INTEREST IN SCHUMAG
    * ALSO INTENDED THAT UPON COMPLETION OF THIS TRANSACTION,
MIAOCHENG GUO, YUN GUO AND VASSILIOS SEVDALIS RESIGN FROM
SUPERVISORY BOARD OF SCHUMAG

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexFQv1Ca
    
 Further company coverage:  SCMG.F  
   


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