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SMT Scharf AG Sells Dosco Holdings Ltd. to Acquisition Vehicle Involving Dosco's Management Team

Tuesday, 7 May 2013 02:46pm EDT 

SMT Scharf AG announced that it has sold its wholly-owned subsidiary Dosco Holdings Ltd., Tuxford, United Kingdom, to an acquisition vehicle involving Dosco's management team. The sale price amounts to EUR 2.0 million, with an initial installment of EUR 1.5 million being paid immediately, and the residual EUR 0.5 million remaining as a vendor loan carrying a 6 % per annum interest rate, to be repaid within five years at the latest. Besides this, the Scharf Group will incur no secondary liabilities for Dosco's liabilities. 

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15 Aug 2014