M & A

Deutsche Beteiligungen AF: climate change

Deutsche Beteiligungs AG (DBAG) has sold its holding in the Spheros group to Valeo the renowned French supplier to the automobile industry. DBAG originally purchased the Spheros group, manufacturer of air conditioning units for buses, in December 2011. The sale price agreed is double the original investment of 13.9 million Euros. The DBAG investors will be glad because the transaction posted in the intermediate accounting of 31 December contributes almost 4 million Euros to the earnings.

Katjes

Confectionary producer Katjes now holds 100% of Dutch liquorice producer Festivaldi. Up until now, Katjes’s stake was half. Nothing official has transpired as to the cost of the transaction, but company watchers believe that Katjes financed the deal by means of an SME bond worth 60 million Euros issued in 2015.