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MarketScreener Homepage  >  Equities  >  Xetra  >  Mutares SE & Co. KGaA    MUX   DE000A2NB650

MUTARES SE & CO. KGAA

(MUX)
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Mutares : submits binding offer and plans acquisition of a logistics subsidiary of ÖBB

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10/18/2019 | 06:35am EST

DGAP-Ad-hoc: Mutares SE & Co. KGaA / Key word(s): Private Equity/Takeover
Mutares submits binding offer and plans acquisition of a logistics subsidiary of ÖBB

18-Oct-2019 / 12:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Mutares submits binding offer and plans acquisition of a logistics subsidiary of ÖBB

Munich, 18. Oktober 2019 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today made a notarized, binding offer through a subsidiary to acquire the business of Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen - Holding Aktiengesellschaft (ÖBB), including the Q Logistics subsidiary in the Czech Republic.

Q Logistics is a provider of cross-border transport logistics and warehousing services with several locations in Austria. The company trades general cargo, chartered goods and serves customers from various industries, including the food, pharmaceutical and fast-moving consumer goods (FMCG) industries. In fiscal year 2018, Q Logistics had consolidated total sales (including a subsidiary in the Czech Republic) of around EUR 250 million and a total workforce of approx. 920 employees.

The transaction still requires corresponding committee resolutions on the part of the seller, which are expected to be passed by the end of the month at the latest, as well as the acceptance of the notarized, binding offer by the seller. Mutares has reason to believe and assumes that the relevant bodies will give the seller their outstanding approval and that the transaction will be successfully completed thereafter.
 

For more information:

Mutares SE & Co. KGaA
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 9292 7760
Email: corinna.lumpp@mutares.de
www.mutares.com

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de


18-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 892305

 
End of Announcement DGAP News Service

892305  18-Oct-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=892305&application_name=news&site_id=zonebourse

© EQS 2019
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