June 20, 2017 / 8:04 AM / a month ago

BRIEF-Deutsche Beteiligungs invests in duagon AG

1 Min Read

June 20 (Reuters) - DEUTSCHE BETEILIGUNGS AG:

* INVESTS IN DUAGON AG, A PROVIDER OF NETWORK COMPONENTS FOR DATA COMMUNICATION IN RAIL VEHICLES BASED IN THE SWISS DIETIKON REGION‍​

* PURCHASE CONTRACT IS EXPECTED TO CLOSE IN JULY. THE PARTIES AGREED NOT TO DISCLOSE THE PURCHASE PRICE

* IN A FIRST STEP, THE DBAG-MANAGED DBAG FUND VII WILL ACQUIRE ALL OF THE SHARES IN DUAGON IN A MANAGEMENT BUYOUT

* in a Second Step, Duagon’S Management Will Co-Invest

* DBAG WILL SPEND UP TO 14 MILLION EUROS FROM ITS BALANCE SHEET FOR ITS CO-INVESTMENT AND WILL HOLD AN INTEREST OF UP TO 22 PERCENT IN DUAGON Source text - bit.ly/2tHWZaL Further company coverage: (Gdynia Newsroom)

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