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KAP AG
M&A Activity • Feb 16, 2021
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M&A Activity
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Ad-hoc | 16 February 2021 23:37
KAP AG SELLS COMMERCIAL PROPERTY IN FULDA
KAP AG / Key word(s): Miscellaneous
KAP AG SELLS COMMERCIAL PROPERTY IN FULDA
16-Feb-2021 / 23:37 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.
KAP AG SELLS COMMERCIAL PROPERTY IN FULDA
Fulda, 16 February 2021 – KAP AG has today concluded a contract for the sale of its commercial property in Fulda, Germany. The land and buildings were sold to CPI Falcon GmbH and the operating facilities to CPI Falcon II GmbH, both affiliated companies of Captiva GmbH, a real estate investment and asset manager for institutional investors. The floor areas used by KAP and its subsidiaries were leased back on the basis of long-term rental agreements. The net proceeds are in the lower double-digit million Euro range. The completion is subject to various conditions customary in the market and is targeted for the end of November 2021 at the latest. With the sale, KAP Group increases its financial flexibility in order to be able to grow organically and externally within the strategic orientation of its business areas.
Contact:
KAP AG
Eckehard Forberich
T: +49 661 103 715
Kirchhoff Consult AG
Nicole Schüttforth
T: +49 40 609 186 64
Information and Explanation of the Issuer to this News:
About KAP AG
KAP AG is a listed industrial group in the upper midsize market that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on five different business areas: engineered products, flexible films, surface technologies, precision components and it/services. Through targeted acquisitions, the company strengthens its existing business areas or exploits new market opportunities. KAP allows its shareholders to participate in its long-term profitable growth through an earnings-oriented dividend. The group currently has 29 locations and around 2,700 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).
16-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | KAP AG |
| Edelzeller Straße 44 | |
| 36043 Fulda | |
| Germany | |
| Phone: | 06611030 |
| Fax: | 0661103830 |
| E-mail: | [email protected] |
| Internet: | www.kap.de |
| ISIN: | DE0006208408 |
| WKN: | 620840 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1168758 |
| End of Announcement | DGAP News Service |