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Provider: Reuters Investment Profile
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All for One Steeb AG Acquires Majority Stake In Microsoft Cloud Technology Company WEBMAXX GmbH

Friday, 5 Jul 2013 06:54am EDT 

All for One Steeb AG announced that it is taking over around 74% of the shareholdings, and in turn a majority stake in Microsoft cloud technology company WEBMAXX GmbH. Around 26% of the shareholdings remain with the managing partner Christian Schmidt, who will stay on as a member of the company's management team. The participation agreement that was signed on July 4, 2013 also includes an option to increase the stake to 100% of the shares, which All for One Steeb can first exercise beginning from 2020. Both companies had previously been working together on a project basis. 

Company Quote

-0.701 -2.70%
24 Oct 2014