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Mutares SE & Co. KGaA
M&A Activity • Nov 28, 2018
6316_rns_2018-11-28_88404392-c91d-4085-bd11-ddce9a6fbe51.html
M&A Activity
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News Details
Corporate | 28 November 2018 07:30
Mutares sells BSL Pipes & Fittings
DGAP-News: Mutares AG / Key word(s): Private Equity/Disposal
28.11.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
Mutares sells BSL Pipes & Fittings
- Exit with positive purchase price
- Successful sale after holding period of three years
Munich/Paris, 28 November 2018 – Mutares (ISIN: DE000A2NB650) has sold the portfolio company BSL Pipes & Fittings (BSL) to a Luxembourg investor. The parties have agreed not to disclose the positive purchase price.
BSL, based in Soissons, France, has been a leading manufacturer of high-quality piping systems for the oil and gas industry and various industrial applications for almost 60 years. Mutares had acquired the company from the French group Génoyer in 2015.
Company profile of Mutares AG
Mutares AG, Munich ( www.mutares.de www.mutares.de), acquires medium-sized companies and parts of groups that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).
For more information:
Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 929 2776-0
Fax +49 89 929 2776-22
www.mutares.de
Contact press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 89 8982 7227
E-Mail: [email protected]
28.11.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Mutares AG |
| 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, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |