DGAP-News: BAVARIA Industries Group AG / Key word(s): Private Equity/Disposal BAVARIA Industries Group AG: BAVARIA Industries Group AG completes the Sale of TriStone Group 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 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: [email protected] 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: BAVARIA Industries Group AG Bavariaring 24 80336 München Germany Phone: 089/7298 96720 Fax: 089/7298 96710 E-mail: [email protected] Internet: www.baikap.de ISIN: DE0002605557 WKN: 260555 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 546981 23.02.2017