Brief: Wige Media takes over a majority stake in the sport media group

SPORTTOTAL AG

29/04/2016 14:30

April 29 (Reuters) - Wige Media AG  WIGGk.DE : 
    * Takes over a majority stake in the sport media group 
    * As agreed in November, _wige media, which already holds 
16.7 pct, has exercised its option to purchase and has increased 
its stake to 51 pct in a first step 
    * Takeover is expected to take effect on Sept. 30, 2016 
    * Over course of year, _wige intends to raise its 
participating interest by up to 85 pct 
    * In order to finance its growth, company secured gross 
issuing proceeds of 5 million euros ($5.72 million)from two 
capital increases 
 
Source text for Eikon:  ID:nEQ3pR4Sja  
Further company coverage:  WIGGk.DE  
 
($1 = 0.8743 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))