Heliad AG
FinLab AG: * FinLab portfolio company Deposit Solutions closes financing round with participation of Deutsche Bank * Deposit Solutions is valued at over EUR 1 billion as part of the transaction
FinLab AG / Key word(s): Investment – FinLab portfolio company Deposit Solutions closes financing round with participation of Deutsche Bank Frankfurt/Main, 18/09/2019 – The Hamburg-based FinTech company Deposit Solutions GmbH, a portfolio company of the listed Frankfurt-based company FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), today closed a financing round involving Deutsche Bank. Within this transaction Deposit Solutions will be valued over EUR 1 billion. In accordance with IFRS accounting standards, the revaluation of FinLabs share in Deposit Solutions resulted in a write-up to the carrying amount of the investment of more than EUR 40 million. After the completion of the financing round, FinLab continues to hold a stake of approx. 7% in Deposit Solutions, which represents a total valuation of more than EUR 70 million in the IFRS balance sheet.
18-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FinLab AG |
Grüneburgweg 18 | |
60322 Frankfurt/Main | |
Germany | |
Phone: | +49 (0)69 719 12 80 – 0 |
Fax: | +49 (0)69 719 12 80 – 011 |
E-mail: | investore-relations@finlab.de |
Internet: | www.finlab.de |
ISIN: | DE0001218063 |
WKN: | 121806 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 875961 |
End of Announcement | DGAP News Service |