Gerry Weber International : Investor exercises pur­chas­ing option for HALLHUBER

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Investor exercises pur­chas­ing option for HALLHUBER

July 08, 2019

• Fund managed by Robus Capital Management takes over majority share
• GERRY WEBER retains a stake of 12% in HALLHUBER

A fund managed by Robus Capital Management took over the majority share of HALLHUBER GmbH from GERRY WEBER International AG. Within the scope of the ongoing restructuring under self-administration, GERRY WEBER granted a purchase option to the investor in February. In exchange, the investor had provided a bridging loan for HALLHUBER, which has since been replaced by long-term financing. According to the agreement, GERRY WEBER retains a stake of 12% in HALLHUBER. Furthermore, GERRY WEBER receives a cash payment of EUR 500.000 from the investor.

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