Corporate | 23 February 2017 08:56
BAVARIA Industries Group AG: BAVARIA Industries Group AG completes the Sale of TriStone Group
|
DGAP-News: BAVARIA Industries Group AG / Key word(s): Private Equity/Disposal
BAVARIA Industries Group AG completes the Sale of TriStone Group BAVARIA Industries Group AG completes the sale of TriStone Group to the Chinese Zhongding Group. The Chinese and German authorities have approved the transaction. Part of the consideration amounting to EUR 170 million was paid into an escrow account – the rest is immediately available for further acquisitions. BAVARIA Industries Group AG employs approximately 3,000 employees in eight European companies. Headquartered in Munich, the majority of the industrial holding company is family-owned and pursues a long-term investment strategy. BAVARIA’s high rate of investments and extensive share buybacks are evidence of Management’s continuing confidence in the future of the organization. BAVARIA Industries Group AG also maintains a focus on corporate responsibility, with a high rate of apprentice training and continuous financial contribution to charity organizations. For further questions please contact:
BAVARIA Industries Group AG
Website: www.baikap.de
23.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
|
| Language: | English |
| Company: | BAVARIA Industries Group AG |
| Bavariaring 24 | |
| 80336 München | |
| Germany | |
| Phone: | 089/7298 96720 |
| Fax: | 089/7298 96710 |
| E-mail: | info@baikap.de |
| Internet: | www.baikap.de |
| ISIN: | DE0002605557 |
| WKN: | 260555 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |