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DGAP-Adhoc: Varengold Bank AG holds stake in Grover Group GmbH

eqs_en 
0 0 07.04.22
DGAP-Adhoc: Varengold Bank AG holds stake in Grover Group GmbH
 

DGAP-Ad-hoc: Varengold Bank AG / Key word(s): Investment/Miscellaneous
Varengold Bank AG holds stake in Grover Group GmbH

07-Apr-2022 / 12:46 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.

Hamburg, 7 April 2022 - The Berlin-based start-up Grover has raised around EUR 100 million in equity capital as part of the now announced successful implementation of the Series C funding. Grover thus exceeds the threshold of one billion USD for the first time in its company valuation. Varengold Bank had previously held a 2.35% stake in Grover at a book value of EUR 1.5 million. This shareholding is now reduced to 2.08% through the capital increase.
 

Dr. Bernhard Fuhrmann
Management Board

Frank Otten
Management Board
 

Disclaimer
This release contains forward-looking statements that involve certain risks and uncertainties. Future results may differ materially from those currently anticipated due to various risk factors and uncertainties, such as changes in business, economic and competitive conditions, currency exchange rate fluctuations, litigation uncertainties or investigations, and availability of financial resources. Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this release.
 

Contact:
Ms. Sanja Schultz-Szabo (Head of Corporate Development)

07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Varengold Bank AG
Große Elbstraße 39
22767 Hamburg
Germany
Phone: +49 (0)40 / 668649-0
Fax: +49 (0)40 / 668649-49
E-mail: [email protected]
Internet: www.varengold.de
ISIN: DE0005479307
WKN: 547930
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID: 1323025

 
End of Announcement DGAP News Service

1323025  07-Apr-2022 CET/CEST

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Varengold Bank AG Stock

€3.34
3.730%
A very strong showing by Varengold Bank AG today, with an increase of €0.12 (3.730%) compared to yesterday's price.

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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.




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