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Schaltbau Holding AG: Schaltbau disposes of Spanish subsidiary Alte

Schaltbau Holding AG / Key word(s): Investment
Schaltbau Holding AG: Schaltbau disposes of Spanish subsidiary Alte

29-May-2019 / 13:48 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.

  • French Barat Group acquires 100% of the shares in Alte
  • The transaction has already been completed, the purchase price has already been paid
  • There will be no significant impact on Schaltbau’s results in connection with the disposal

Munich (Germany), 29 May 2019. Today, Schaltbau Holding AG (WKN: A2NBTL2; ISIN: DE000A2NBTL2) (“Schaltbau”) entered into a sale and purchase agreement regarding the disposal of all shares in its Spanish subsidiary Alte Technologies S.L.U. (“Alte”). The purchase price in the amount of EUR 1.00 has already been paid. The buyer is Barat S.A., a French rail supplier.

As part of the transaction, Schaltbau waived nearly all of its claims against Alte. As the respective claims have already been fully value-adjusted, the waivers will not have significant negative impact on Schaltbau’s results on the Group level or on the level of Schaltbau Holding AG’s unconsolidated annual accounts under the German Commercial Code.

With the sale of Alte, Schaltbau implemented the final outstanding major component of its restructuring.

Wolfgang Güssgen
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
T +49 89 93005-209

29-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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