Loewe AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Loewe AG announces reaches sale agreement with German group of investors
Loewe AG:Announces that a group of investors comprised of German family-business entrepreneurs and former Apple and Bang & Olufsen senior managers and the Executive Board of Loewe AG have reached an agreement to acquire parts of Loewe by way of an asset deal.Says the continuity of the Loewe traditional brand in German hands has been secured.Says alongside the new corporate head office in Munich, the development centres in Kronach and Hanover, as well as central business functions at the main site in Kronach, will also remain in place.Says the amount of the agreed purchase price was not disclosed, and following the transaction, Loewe AG shall be delisted and liquidated in due time.
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