Value Management & Research AG (DB:VMR1) agreed to acquire a majority stake in mitNORM GmbH on January 3, 2019. The consideration will be paid in cash and issue of 0.72 million shares of Value Management & Research AG. Value Management & Research AG secured long-term debt financing to finance the cash purchase price component. The founding team and the employees of mitNORM GmbH will join Value Management & Research AG. The transaction is expected to close by the end of the first quarter of 2019. Value Management & Research AG (DB:VMR1) canceled the acquitiion of a majority stake in mitNORM GmbH on January 3, 2020.