Brief: TTL Beteiligungs- Und Grundbesitz Buys Stake In Montano Asset Management

TTL Beteiligungs und Grundbesitz AG

09/12/2020 12:42

Dec 9 (Reuters) - TTL BETEILIGUNGS UND GRUNDBESITZ AG
 TTOG.DE :
    * TTL CONTINUES GROWTH STRATEGY AND ACQUIRES A STAKE IN
MONTANO
ASSET MANAGEMENT GMBH
    * TTL ACQUIRES 30 PERCENT OF MONTANO THROUGH ACQUISITION OF
SHARES
FROM CURRENT SHAREHOLDERS AND SUBSCRIPTION OF A CAPITAL INCREASE
    * ENTERPRISE VALUE UNDERLYING PURCHASE PRICE AMOUNTS TO NINE
TIMES
EXPECTED ADJUSTED EBITDA OF ABOUT EUR 2.4 MILLION FOR 2020 OF
MONTANO
    * CLOSING OF TRANSACTION IS SCHEDULED FOR DECEMBER 2020

Source text for Eikon:  ID:nEQ48DpV0a 
Further company coverage:  TTOG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))