Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: Mutares has signed a Heads of Agreement to sell its 80% stake in Nexive Group


DGAP-Ad-hoc: Mutares SE & Co. KGaA / Key word(s): Letter of Intent
Mutares has signed a Heads of Agreement to sell its 80% stake in Nexive Group

16-Nov-2020 / 06:30 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 in accordance with Article 17 MAR of Regulation (EU) No. 596/2014

NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Mutares has signed a Heads of Agreement to sell its 80% stake in Nexive Group

Munich/Milan, November 16, 2020 - Mutares SE & Co KGaA (ISIN: DE000A2NB650) signed a Heads of Agreement to sell its 80% stake in Nexive Group S.r.l., the second largest mail and parcel delivery company in Italy, to Poste Italiane S.p.A., based in Milan. The transaction is expected to have a relevant positive impact on the Mutares Holding Results.

The transaction is still subject to approval by the antitrust authorities. Mutares expects the transaction to be successfully completed latest in January 2021.

Disclaimer

This release is an ad-hoc announcement pursuant to Article 17 of Regulation (EU) No. 596/2014 on market abuse. It does not constitute financial analysis or advice or recommendations relating to financial instruments, nor does this announcement constitute an offer to purchase or a solicitation of an offer to purchase securities in the United States of America ("United States"), in Australia, Canada, Japan or other jurisdictions in which an offer is subject to legal restrictions.

The securities of Mutares referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. Subject to certain exceptions, the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan or to or for the account or benefit of Australian, Canadian or Japanese residents. There will be no registration of the securities referred to in this announcement under the Securities Act or the applicable laws of Australia, Canada or Japan. There will be no public offering of the securities in the United States.

Certain statements in this ad hoc release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one assumes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this ad hoc announcement.


For further information:

Mutares SE & Co KGaA
Investor Relations
Phone +49 89 9292 7760
Email: [email protected]
www.mutares.com

Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 1250 90330
Email: [email protected]
www.crossalliance.de


16-Nov-2020 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: [email protected]
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1148254

 
End of Announcement DGAP News Service

1148254  16-Nov-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1148254&application_name=news&site_id=sharewise

Mutares SE & Co. KgaA Stock

€31.15
1.960%
There is an upward development for Mutares SE & Co. KgaA compared to yesterday, with an increase of €0.60 (1.960%).
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Mutares SE & Co. KgaA.
As a result the target price of 45 € shows a positive potential of 44.46% compared to the current price of 31.15 € for Mutares SE & Co. KgaA.
Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments