Brief: WISeKey Announces Sale Of Its 51% Stake In Arago For EUR 25.5 Mln

Wisekey International Holding AG

25/04/2022 17:33

April 25 (Reuters) - WISEKEY INTERNATIONAL HOLDING AG
 WIHN.S :
    * REG-WISEKEY ANNOUNCES THE SALE OF ITS 51% STAKE IN ARAGO
FOR EUR
25.5 MILLION
    * TODAY ANNOUNCED SALE OF ITS 51% STAKE IN ARAGO, A GERMAN
ARTIFICIAL INTELLIGENCE ("AI") PLATFORM COMPANY, AFTER HAVING
RECEIVED ASSURANCES ABOUT SOURCE AND TIMING OF FUNDING
    * IS SELLING ITS 51% STAKE IN ARAGO BACK TO A GERMAN
CONSORTIUM OF
INVESTORS LED BY ARAGO'S FOUNDER THROUGH HIS INVESTMENT COMPANY,
OGARA GMBH, FOR EUR 25.5 MILLION, WHICH IS OVER 5 TIMES INITIAL
INVESTMENT MADE BY WISEKEY TO ACQUIRE ITS 51% STAKE

Source text for Eikon:  ID:nGNE3WTqfY 
Further company coverage:  WIHN.S 

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