Latest

DEWB: Delay creates a warning

Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft, DEWB for short, has not yet received a clearance certificate from the Federal Ministry of Economics for the sale of the MueTec investment. This is to be sold to SLSS Europe.

The next completion stage of the sales contract can only be fulfilled with this clearance certificate. It is about 75.1 percent of all shares. The purchase price installment can only be paid after it has been granted. This is 9.4 million euros or 0.56 euros per DEWB share.

This sum will therefore not be transferred to the Jena company until 2021 instead of the expected 2020. This has an impact on the forecast for 2020. The profit should therefore remain more than 2 million euros below the previous estimates.

At DEWB, however, it is expected that the ministry will approve the application. There are currently no reasons for failure. The certificate should be issued in the first quarter of 2021. After that, the agreed purchase price should flow.

Tags

Related Articles

Back to top button
Close
Close