BAVARIA Industries Group AG

  • WKN: 260555
  • ISIN: DE0002605557
  • Land: Deutschland

Nachricht vom 23.02.2017 | 08:56

BAVARIA Industries Group AG: BAVARIA Industries Group AG completes the Sale of TriStone Group

DGAP-News: BAVARIA Industries Group AG / Key word(s): Private Equity/Disposal

23.02.2017 / 08:56
The issuer is solely responsible for the content of this announcement.


BAVARIA Industries Group AG completes the Sale of TriStone Group

BAVARIA Industries Group AG completes the sale of TriStone Group to the Chinese Zhongding Group. The Chinese and German authorities have approved the transaction. Part of the consideration amounting to EUR 170 million was paid into an escrow account - the rest is immediately available for further acquisitions.

BAVARIA Industries Group AG employs approximately 3,000 employees in eight European companies. Headquartered in Munich, the majority of the industrial holding company is family-owned and pursues a long-term investment strategy. BAVARIA's high rate of investments and extensive share buybacks are evidence of Management's continuing confidence in the future of the organization. BAVARIA Industries Group AG also maintains a focus on corporate responsibility, with a high rate of apprentice training and continuous financial contribution to charity organizations.

For further questions please contact:

BAVARIA Industries Group AG
Reimar Scholz
Bavariaring 24
80336 Munich

Tel.: + 49 (0)89/ 72 98 967 0
Fax: + 49 (0)89/ 72 98 967 10
Email: info@baikap.de

Website: www.baikap.de



23.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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