DGAP-Adhoc: Amadeus FiRe AG: Amadeus FiRe AG acquires 100% of the shares in COMCAVE Holding GmbH
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DGAP-Ad-hoc: Amadeus FiRe AG / Key word(s): Takeover Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Amadeus FiRe AG acquires 100% of the shares in COMCAVE Holding GmbH Frankfurt am Main, 19 December 2019 - Amadeus FiRe AG (ISIN DE0005093108) ("the Company") has concluded a purchase agreement for 100% of the shares in COMCAVE Holding GmbH, Dortmund, which is expected to be completed today, 19 December 2019. COMCAVE is a leading provider of adult education. The company is active in the field of occupational re-training and advanced vocational training at over 50 locations in Germany. The company's Management Board expects COMCAVE to generate revenues of around EUR 60 million in the 2019 financial year with an EBITDA margin (preparation of financial statements in accordance with HGB) of above 25%. For the Amadeus FiRe Group, the acquisition of COMCAVE represents an important step towards countering the current bottleneck in personnel services, namely the increasing shortage of qualified personnel. The purchase price for COMCAVE and the repayment of COMCAVE's existing financial liabilities totalling around EUR 200 million will be financed from the company's cash and cash equivalents and a bridge loan of around EUR 170 million. The Management Board is currently reviewing all long-term financing options. The dividend policy of a full distribution pursued in recent years will be reviewed within the framework of the various financing options. Contact:
19-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Amadeus FiRe AG |
| Hanauer Landstraße 160 | |
| 60314 Frankfurt | |
| Germany | |
| Phone: | +49 (0)69 96876 - 180 |
| Fax: | +49 (0)69 96876 - 182 |
| E-mail: | [email protected] |
| Internet: | www.amadeus-fire.de |
| ISIN: | DE0005093108 |
| WKN: | 509310 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 939975 |
| End of Announcement | DGAP News Service |
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939975 19-Dec-2019 CET/CEST
Amadeus FiRe AG Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Amadeus FiRe AG.
As a result the target price of 150 € shows a very positive potential of 59.74% compared to the current price of 93.9 € for Amadeus FiRe AG.
