GRENKE AG: GRENKE AG to acquire Europa Leasing GmbH
Baden-Baden, December 06, 2016: GRENKE AG (ISIN DE000A161N30) announces the acquisition of all shares of Europa Leasing GmbH. A binding purchase agreement was concluded for the acquisition and has already been approved by GRENKE AG's Supervisory Board. The transaction, which will have a volume in the low double-digit million euros, is still subject to the necessary regulatory approvals.
Europa Leasing GmbH has a business model similar to that of GRENKE AG and has a strong focus and sales expertise in the area of lease financing of medical equipment. This acquisition presents an ideal way for GRENKE AG to gain access to additional market potential in Germany and Europe. With activities in Germany, Switzerland and Austria, Europa Leasing GmbH is in a leading position in its market segment.
Europa Leasing GmbH will continue to be led by its existing Managing Directors Nadine Wagner and Dominik Bahner. This will ensure that the sector expertise and established relationships of Europa Leasing GmbH will remain within the company. Managing Director Günter Schwarz, the founder and previous sole owner of Europa Leasing GmbH, will leave the company at his own request.
The Board of Directors
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For further information, please contact: GRENKE AG Corporate Communications / Investor Relations Neuer Markt 2 76532 Baden-Baden Phone: +49 7221 5007-204 Email: email@example.com Internet: http://www.grenke.de
06.12.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: GRENKE AG Neuer Markt 2 76532 Baden-Baden Germany Phone: +49 (0)7221 50 07-204 Fax: +49 (0)7221 50 07-4218 E-mail: firstname.lastname@example.org Internet: www.grenke.de ISIN: DE000A161N30 WKN: A161N3 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service