The NAGA Group AG
The NAGA Group AG: FOSUN will take a majority stake in The NAGA GROUP AG alongside significant planned co-investment by the management, New Growth capital of EUR5M to be injected into the restructured company
DGAP-News: The NAGA Group AG / Key word(s): Investment __________________________________________________________
__________________________________________________________ Hamburg – Thursday, August 29, 2019 After a challenging year and intense restructuring work in Q1 2019, NAGA’s major shareholder FOSUN agreed to increase its shareholdings to become NAGA’s majority shareholder. Alongside FOSUN’s investment, it is envisaged that the NAGA management team will buy a significant amount of shares from other shareholders. The shares will be sold by the former HBS AG shareholders to FOSUN, the NAGA management and other investors respectively. The deal is subject to regulatory approval and is expected to close in early Q4 2019. ______________________________ THE NAGA GROUP AG: Link THE NAGA GROUP Website: https://www.naga.com ______________________________ Contact:
29.08.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | The NAGA Group AG |
Stadthausbrücke 1-3 | |
20355 Hamburg | |
Germany | |
E-mail: | info@naga.com |
Internet: | www.naga.com |
ISIN: | DE000A161NR7 |
WKN: | A161NR |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 865661 |
End of News | DGAP News Service |