Sept 24 (Reuters) - DEUTSCHE BETEILIGUNGS AG ::INVESTS IN FLS GMBH.DBAG IS CO-INVESTING UP TO 9.5 MILLION EUROS.DBAG EXPANSION CAPITAL FUND, ADVISED BY DEUTSCHE BETEILIGUNGS AG, TO BUY MAJORITY OF SHARES IN FLS.IN THE FUTURE, IT WILL ACCOUNT FOR APPROXIMATELY 30 PERCENT OF THE SHARES IN FLS.DBAG EXPANSION CAPITAL FUND TO BUY MAJORITY OF SHARES IN FLS AS PART OF A MANAGEMENT BUYOUT (MBO).PARTIES HAVE AGREED NOT TO DISCLOSE THE PURCHASE PRICE.EXECUTION OF THE NOW CLOSED PURCHASE AGREEMENT IS SCHEDULED FOR OCTOBER 2018.
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Aug 21 (Reuters) - DEUTSCHE BETEILIGUNGS AG ::SELLS STAKE IN CLEANPART GROUP.IT IS EXPECTED THAT THE TRANSACTION WILL BE COMPLETED WITHIN THE NEXT THREE MONTHS.PURCHASE PRICE WAS NOT DISCLOSED.POSITIVE VALUE CONTRIBUTION IN THE FOURTH QUARTER - FORECAST UNCHANGED.
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Aug 7 (Reuters) - Deutsche Beteiligungs AG ::DEUTSCHE BETEILIGUNGS AG Q3 NET INCOME DOWN 59 PERCENT TO 11.1 MILLION EUR FROM 27.3 MILLION YEAR-AGO.DEUTSCHE BETEILIGUNGS AG EYES Q4 NET PROFIT, EXPECTS FY NET INCOME TO DROP MORE THAN 20 PERCENT BELOW 43 MILLION EURO-TARGET.DEUTSCHE BETEILIGUNGS AG Q3 PRETAX EARNINGS DOWN 59 PERCENT TO 11.1 MILLION EUR FROM 27.3 MILLION YEAR-AGO.
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July 27 (Reuters) - Deutsche Beteiligungs AG ::PUBLICATION OF AN ACCOUNTING ERROR ACCORDING TO SECTION 109 PARAGRAPH 2 SENTENCE 1 WPHG (GERMAN SECURITIES TRADING ACT).DEUTSCHE BETEILIGUNGS - BAFIN DETERMINED THAT CONSOLIDATED FINANCIAL STATEMENTS OF DEUTSCHE BETEILIGUNGS AG AS AT OF 30 SEPTEMBER 2015 ARE INCORRECT.DEUTSCHE BETEILIGUNGS - AS A RESULT, CO HAS RECOGNISED PROFITS OF EUR 14.6 MILLION FOR PREVIOUS YEARS, WHICH IT WAS NOT ENTITLED TO.
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June 21 (Reuters) - Deutsche Beteiligungs AG ::DGAP-ADHOC: DEUTSCHE BETEILIGUNGS AG: BAFIN'S NOTICE OF HEARING: CONSOLIDATED FINANCIAL STATEMENTS 2014/2015 POSSIBLY INCORRECT - IMPACT ON CURRENT ACCOUNTING AND FORECAST FOR THE CURRENT FINANCIAL YEAR.BOARD OF DBAG WILL DEAL WITH CONTENT OF LETTER WITHIN SET DEADLINE OF 4 JULY 2018.DEUTSCHE BETEILIGUNGS - CO OF OPINION THAT IN STATEMENT OF COMPREHENSIVE INCOME 2014/2015 RESULT FROM INVESTMENT BUSINESS WAS UNDERSTATED BY 14.6 MILLION EUROS.DEUTSCHE BETEILIGUNGS- BAFIN INFORMED CO TODAY THAT IT WILL ASSESS BREACH OF ACCOUNTING RULES FOR CO 'S FINANCIAL STATEMENTS FOR 2014/2015 FY.DEUTSCHE BETEILIGUNGS-RESULT FOR 2017/2018 WOULD NOT ONLY BE 10 TO 20 PERCENT BELOW REFERENCE POINT OF 43.0 MILLION EUROS, BUT MORE THAN 20 PERCENT BELOW THIS VALUE.
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May 8 (Reuters) - Deutsche Beteiligungs AG ::Q2 NET INCOME 7.9 MILLION EUROS VERSUS 30.0 MILLION EUROS YEAR AGO.H1 NET INCOME 19.3 MILLION EUROS VERSUS 44.1 MILLION EUROS YEAR AGO.SEES NET PROFIT BETWEEN 10 AND 20 PERCENT BELOW REFERENCE POINT OF EUR 43.0 MILLION FOR THE FULL YEAR.
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April 16 (Reuters) - Deutsche Beteiligungs AG ::DEUTSCHE BETEILIGUNGS AG: CAPITAL MARKET DEVELOPMENT AFFECTS CONSOLIDATED NET INCOME OF DEUTSCHE BETEILIGUNGS AG - LOWER FORECAST FOR FINANCIAL YEAR 2017/2018.DEUTSCHE BETEILIGUNGS - TO ACHIEVE CONSOLIDATED NET INCOME IN 2017/2018 FINANCIAL YEAR THAT IS MODERATELY, I.E. BETWEEN 10 AND 20 PERCENT, BELOW EUR 43.0 MILLION.DBAG IS EXPECTED TO CLOSE FIRST HALF OF 2017/2018 WITH A NET RESULT OF INVESTMENT ACTIVITY OF AROUND 21 MILLION EUROS.DEUTSCHE BETEILIGUNGS-BOARD EXPECTED TO ACHIEVE CONSOLIDATED NET INCOME IN 2017/2018, IS SIGNIFICANTLY ABOVE REFERENCE POINT, I.E. BY MORE THAN 20 PERCENT.DBAG IS CURRENTLY PREPARING INTERIM FINANCIAL STATEMENTS AS OF 31 MARCH 2018.DEUTSCHE BETEILIGUNGS - FORECAST IS NOT BASED ON ACTUAL FIGURES OF PREVIOUS FINANCIAL YEAR 2016/2017, BUT ON AVERAGE OF PAST FIVE FINANCIAL YEARS.DEUTSCHE BETEILIGUNGS -MAIN REASON FOR CHANGE IN 2017/2018 FORECAST IS NEGATIVE CAPITAL MARKET DEVELOPMENT, WHICH HAS LED TO LOWER VALUATION MULTIPLES.
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April 5 (Reuters) - DEUTSCHE BETEILIGUNGS AG ::DBAG PORTFOLIO COMPANY DUAGON MERGES WITH MEN.DBAG FUND VII WILL INVEST UP TO 50 MILLION EUR IN DUAGON TO FINANCE TRANSACTION AS PART OF A CAPITAL INCREASE.
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Jan 15 (Reuters) - Deutsche Beteiligungs AG ::INVESTS IN NETZKONTOR NORD GMBH.DBAG ECF TO BUY MAJORITY OF SHARES IN NETZKONTOR AS PART OF A MANAGEMENT BUYOUT (MBO).FOR ITS CO-INVESTMENT ALONGSIDE DBAG ECF, DBAG WILL INVEST UP TO 4.6 MILLION EUROS.PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE.
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Jan 9 (Reuters) - DEUTSCHE BETEILIGUNGS AG ::INVESTS IN SJØLUND A/S.PURCHASE PRICE NOT DISCLOSED.AS PART OF MBO, DBAG ECF TO BUY AROUND 51 PERCENT OF SHARES IN SJØLUND FROM SØREN RAVN JENSEN.
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