The NAGA Group AG

  • WKN: A161NR
  • ISIN: DE000A161NR7
  • Land: Deutschland

Nachricht vom 26.08.2019 | 17:03

The NAGA Group AG: Major Shareholder FOSUN to take majority, EUR5M growth capital to be injected.

The NAGA Group AG / Key word(s): Corporate Action
The NAGA Group AG: Major Shareholder FOSUN to take majority, EUR5M growth capital to be injected.

26-Aug-2019 / 17:03 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.


Major Shareholder FOSUN to take majority, EUR5M growth capital to be injected.

Hamburg - August 26, 2019

Shanghai-based FOSUN- Group increases its stake in The Naga Group AG, Hamburg, by acquiring an additional 17.22 % of the shares in the company from other shareholders. Together with the shares held so far, directly and indirectly, FOSUN will become the companies' majority shareholder in the course of this acquisition.
It is envisaged that the NAGA management team will increase its investment in shares of the company as well by purchasing a significant amount of shares from other shareholders.

Alongside the acquisition of the majority stake, FOSUN undertakes to inject further growth capital of EUR5M into NAGA whereof EUR3M will be granted as a senior loan and additional EUR2M via subscription of a convertible note, whereby the subscription rights of the shareholders shall be excluded.

As part of the set of the transaction agreements, close to 90 % of the companies' shareholders will lockup their shares for an additional 3 year period and enter into a voting pool during that time.

Being subject to various closing conditions, the transaction is expected to be closed until year-end 2019.

Contact:
The NAGA Group AG
Andreas Luecke
Management Board
Stadthausbrücke 1-3, 5th floor
20355 Hamburg
Tel.: +49 40 5247 791 53

End of ad hoc announcement

 

______________________________


26-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this
<

GBC-Fokusbox

HELMA Eigenheimbau: Klarer Kauf

Die HELMA Eigenheimbau hat mit dem Zugang weiterer Ferienimmobilienprojekte das potenzielle Umsatzvolumen um 150 Mio. € gesteigert. Ohnehin verfügt die Gesellschaft über einen umfangreichen Grundstücksbestand für das Bauträgergeschäft, womit in den kommenden Geschäftsjahren Umsätze in Höhe von über 1,4 Mrd. € realisiert werden könnten. Damit dürften unsere Schätzungen, in denen wir ein nachhaltiges Überschreiten der Umsatzmarke von 300 Mio. € annehmen, gut unterfüttert sein. Bei einem Kursziel von 65,00 € ist die HELMA-Aktie ein klarer Kauf.

News im Fokus

Fresenius Medical Care veröffentlicht Form 20-F für das Geschäftsjahr 2019

21. Februar 2020, 11:54

Aktuelle Research-Studie

Media and Games Invest plc

Original-Research: Media and Games Invest plc (von First Berlin Equity Research GmbH): BUY

21. Februar 2020