DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Takeover
SMT Scharf AG reviews acquisition of significant assets from the Mühlhäuser Group
Hamm, August 7, 2019 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) is currently reviewing the possibility of acquiring significant assets from subsidiaries of Mühlhäuser GmbH, Freienbach, Switzerland ("Mühlhäuser"). SMT Scharf AG is considering in detail the acquisition of significant assets of Karl H. Mühlhäuser GmbH & Co. KG, Michelstadt, Germany, and Mühlhäuser-Obermann GmbH, Michelstadt, Germany, for both of which preliminary insolvency proceedings were opened on June 28, 2019. The outcome of the review depends on its results, which are not yet available.
SMT Scharf AG aims to continue with its existing growth strategy. Through the potential acquisition of significance assets and investments, SMT Scharf AG aims to extend its portfolio to include expertise in the "Tunnel Logistics" area. SMT Scharf AG subsidiary SMT Scharf GmbH, Hamm, Germany, had already concluded a cooperation agreement with Mühlhäuser in 2016.
07-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||SMT Scharf AG|
|Phone:||+49 2381 960-01|
|Fax:||+49 2381 960-311|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||853261|
|End of Announcement||DGAP News Service|
853261 07-Aug-2019 CET/CEST