INDUS Holding AG

  • WKN: 620010
  • ISIN: DE0006200108
  • Land: Deutschland

Nachricht vom 23.07.2019 | 18:30

INDUS Holding AG: Sale of a minority interest to majority shareholder makes significant contribution to earnings

INDUS Holding AG / Key word(s): Disposal/Investment
INDUS Holding AG: Sale of a minority interest to majority shareholder makes significant contribution to earnings

23-Jul-2019 / 18:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

Key words: Disposal, Investment

Sale of a minority interest to majority shareholder makes significant contribution to earnings

Bergisch Gladbach, 23 July 2019 - On 23 July 2019, a member company of INDUS Holding AG from the Automotive Technology segment signed a basic agreement about the sale of its 49% minority interest to the long-standing majority shareholder. The basic agreement is still subject to the final form of the purchase agreement and the approval of the buyer's Group Management Board.

The transaction is to be executed in the course of the third quarter of 2019. The INDUS Group will generate cash in the amount of approx. EUR 27.5 million from the transaction and sale of the investment accounted for using the equity method. The contribution to earnings before interest and taxes (EBIT) in the Automotive Technology segment will total approx. EUR 16.5 million. EBIT are composed as shown on page 10 of the Q1 2019 Interim Report of INDUS Holding AG. The contribution to earnings after taxes amounts to approx. EUR 16.2 million.
 

Contact:
Julia Pschribülla
Investor Relations
Phone +49 2204 4000 66
E-Mail pschribuella@indus.de

23-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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