Bavaria Industries Group AG - M&A Activity 2017

News Details

Corporate | 23 February 2017 08:56

BAVARIA Industries Group AG: BAVARIA Industries Group AG completes the Sale of TriStone Group

DGAP-News: BAVARIA Industries Group AG / Key word(s): Private Equity/Disposal

23.02.2017 / 08:56

The issuer is solely responsible for the content of this announcement.

BAVARIA Industries Group AG completes the Sale of TriStone Group

BAVARIA Industries Group AG completes the sale of TriStone Group to the Chinese Zhongding Group. The Chinese and German authorities have approved the transaction. Part of the consideration amounting to EUR 170 million was paid into an escrow account – the rest is immediately available for further acquisitions.

BAVARIA Industries Group AG employs approximately 3,000 employees in eight European companies. Headquartered in Munich, the majority of the industrial holding company is family-owned and pursues a long-term investment strategy. BAVARIA’s high rate of investments and extensive share buybacks are evidence of Management’s continuing confidence in the future of the organization. BAVARIA Industries Group AG also maintains a focus on corporate responsibility, with a high rate of apprentice training and continuous financial contribution to charity organizations.

For further questions please contact:

BAVARIA Industries Group AG

Reimar Scholz

Bavariaring 24

80336 Munich

Tel.: + 49 (0)89/ 72 98 967 0

Fax: + 49 (0)89/ 72 98 967 10

Email: [email protected]

Website: www.baikap.de

23.02.2017 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.

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Language:	English
Company:	BAVARIA Industries Group AG
	Bavariaring 24
	80336 München
	Germany
Phone:	089/7298 96720
Fax:	089/7298 96710
E-mail:	[email protected]
Internet:	www.baikap.de
ISIN:	DE0002605557
WKN:	260555
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt