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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 In exchange, the investor had provided a bridging loan for HALLHUBER, which has since been replaced by long-term financing.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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Gerry Weber International AG published this content on 08 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2019 10:12:02 UTC