DGAP-News: Wittur Holding GmbH / Key word(s): Agreement
Wittur Group successfully closes stake sale to PSP Investments
Wiedenzhausen, Germany, March 8th, 2019 08:00 UTC - The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that it has successfully closed the minority investment of PSP Investments Holding Europe Ltd, a wholly owned subsidiary of Canada's Public Sector Pension Investment Board ("PSP Investments") into the company. The transaction was signed and publicly announced at the end of December 2018. Specifically, PSP Investments has acquired a 32% stake in a parent company of Wittur International Holding GmbH from a company controlled by Bain Capital Private Equity ("Bain Capital"). Bain Capital will continue as majority investor in the Wittur Group. After receiving all regulatory approvals and satisfying all relevant conditions, the closing of the transaction is now completed.
PSP Investments is one of Canada's largest pension investment managers with C$158.9 billion of net assets as of September 30, 2018. It manages a diversified global portfolio across 75 industries and more than 100 countries.
About the Wittur Group
For more information on the company, please visit www.wittur.com
This press release may constitute a public disclosure of inside information by the Wittur Group under Regulation (EU) 596/2014 (16 April 2014)
08.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Wittur Holding GmbH|
|Phone:||+49 (0)8134 18 - 0|
|Fax:||+49 (0)8134 18 - 49|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart|
|End of News||DGAP News Service|