23.12.2015
Deutsche Beteiligungs AG DE000A1TNUT7
DGAP-Adhoc: Deutsche Beteiligungs AG: Disinvestment of Spheros Group generates contribution to
Deutsche Beteiligungs AG / Key word(s): Disposal
23.12.2015 07:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG, WKN A1TNUT
DBAG: Disinvestment of Spheros Group generates contribution to
first-quarter income of up to four million euros
Deutsche Beteiligungs AG (DBAG) announces that it will sell its interest in
the Spheros Group to Valeo, a listed automotive supplier in France. The
DBAG-managed DBAG Fund V, other co-investors and Spheros' management will
also sell their interests. Contracts to that effect were signed today;
their completion is subject to regulatory approval. DBAG acquired the
Spheros Group, a manufacturer of climate systems for buses, in December
2011. The sales proceeds now agreed equate to more than double the original
investment of 13.9 million euros. The sales proceeds exceed the
investment's latest valuation in DBAG's IFRS-formatted annual financial
statements (ended 30 September 2015); the disinvestment will therefore
deliver a contribution to first-quarter income in DBAG's IFRS interim
financial statements at 31 December 2015 of up to four million euros. Since
the interest in Spheros is carried at its historical cost in DBAG's German
GAAP accounts (HGB), the disinvestment will generate a capital gain of
between 15 and 18 million euros.
The Board of Management
Frankfurt am Main, 23 December 2015
23.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Deutsche Beteiligungs AG
Börsenstrasse 1
60313 Frankfurt am Main
Germany
Phone: +49 (0)69 957 87-01
Fax:
E-mail: [email protected]
Internet: www.dbag.de
ISIN: DE000A1TNUT7
WKN: A1TNUT
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Deutsche Beteiligungs AG ISIN: DE000A1TNUT7 können Sie bei EQS abrufen
Beteiligungen , A1TNUT , DBAN , XETR:DBAN