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VAO - Vapiano SE News Story

€0.364 -0.0  -10.6%

Last Trade - 10:13am

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £9.59m
Enterprise Value £392.0m
Revenue £357.6m
Position in Universe 936th / 1038

BRIEF-Vapiano SE Sells Major Part Of Its Business To Investor Group

Tue 2nd June, 2020 7:27pm
June 2 (Reuters) - Vapiano SE  VAO.DE :
    * DGAP-ADHOC: VAPIANO SE SELLS THE MAJOR PART OF ITS
BUSINESS TO
INVESTOR GROUP
    * CONSORTIUM LED BY MARIO C. BAUER WILL TAKE OVER BUSINESS
IN A
MIXED ASSET/SHARE DEAL FOR A TOTAL PURCHASE PRICE OF EUR 15
MILLION
    * TRANSACTION INCLUDES 30 RESTAURANTS OPERATED BY VAPIANO IN
GERMANY
    * LOCAL COURT OF COLOGNE OPENED INSOLVENCY PROCEEDINGS OF
VAPIANO
SE WITH EFFECT FROM JUNE 1, 2020

Source text for Eikon:  ID:nEQ81QRVya 
Further company coverage:  VAO.DE 

 ((Reuters.Briefs@thomsonreuters.com;))
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