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All for One Steeb AG to Acquire Remaining Stake in KWP Kuemmel, Wiedmann + Partner Unternehmensberatung GmbH


Thursday, 10 Oct 2013 01:10pm EDT 

All for One Steeb AG announced that it intends to increase its equity interest in KWP Kuemmel, Wiedmann + Partner Unternehmensberatung GmbH, Heilbronn, (KWP), from 56% to 100%. KWP shareholder and managing director Mr. Hartmut Kuemmel intends to contribute his share of KWP in the amount of 34% of the nominal capital in return for which he is to receive 122,000 new shares of All for One Steeb AG stock and a cash payment. This action would involve increasing All for One Steeb AG's share capital - presently EUR 14.58 million and divided into 4,860,000 registered shares - to EUR 14.946 million divided into 4,982,000 shares. The interest in KWP held by Mr. Joachim Volpert (10% of the nominal capital) is, however, to be compensated for in cash. The management board of All for One Steeb AG reached an underlying agreement about the terms of the transaction with Mr. Kuemmel and Mr. Volpert on October 10, 2013. The management board is expected to adopt the resolution for the capital increase before the end of autumn 2013. 

Company Quote

34.121
-1.569 -4.40%
1:30pm EDT