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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports

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Unternehmens Invest AG Completes Acquisition of 75% Stake in Pongratz Trailer-Group GmbH

Friday, 8 Nov 2013 05:30am EST 

Unternehmens Invest AG (UIAG) announced that on October 9, 2013, it acquired a 75% stake in Pongratz Trailer-Group GmbH. The transaction, initially subject to the approval of the antitrust authorities and financing banks, has been closed successfully. The Company also announced that a capital increase in the amount of EUR 1.5 million was carried out at Pongratz Trailer-Group GmbH, after which UIAG holds a 99% stake in Pongratz Trailer-Group GmbH. The remaining 1% stake is held by Mr. Herwig Pongratz. Financial details of the acquisition were not disclosed.