Deutsche Beteiligungs AG
Deutsche Beteiligungs AG: Disinvestment of Spheros Group generates contribution to
Deutsche Beteiligungs AG / Key word(s): Disposal 23.12.2015 07:23 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Announcement consistent with § 15 WpHG (German Securities Trading Act) Deutsche Beteiligungs AG, WKN A1TNUT DBAG: Disinvestment of Spheros Group generates contribution to first-quarter income of up to four million euros Deutsche Beteiligungs AG (DBAG) announces that it will sell its interest in the Spheros Group to Valeo, a listed automotive supplier in France. The DBAG-managed DBAG Fund V, other co-investors and Spheros' management will also sell their interests. Contracts to that effect were signed today; their completion is subject to regulatory approval. DBAG acquired the Spheros Group, a manufacturer of climate systems for buses, in December 2011. The sales proceeds now agreed equate to more than double the original investment of 13.9 million euros. The sales proceeds exceed the investment's latest valuation in DBAG's IFRS-formatted annual financial statements (ended 30 September 2015); the disinvestment will therefore deliver a contribution to first-quarter income in DBAG's IFRS interim financial statements at 31 December 2015 of up to four million euros. Since the interest in Spheros is carried at its historical cost in DBAG's German GAAP accounts (HGB), the disinvestment will generate a capital gain of between 15 and 18 million euros. The Board of Management Frankfurt am Main, 23 December 2015 23.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Beteiligungs AG Börsenstrasse 1 60313 Frankfurt am Main Germany Phone: +49 (0)69 957 87-01 Fax: E-mail: welcome@dbag.de Internet: www.dbag.de ISIN: DE000A1TNUT7 WKN: A1TNUT Indices: SDAX Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
Webcasts
Events Funktionen
Weitere Funktionen
10
Aug 23
Deutsche Beteiligungs AG
Publication of the quarterly statement on the third quarter 2022/2023