Deutsche Beteiligungs AG / Key word(s): Disposal 23.12.2015 07:23 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Announcement consistent with § 15 WpHG (German Securities Trading Act) Deutsche Beteiligungs AG, WKN A1TNUT DBAG: Disinvestment of Spheros Group generates contribution to first-quarter income of up to four million euros Deutsche Beteiligungs AG (DBAG) announces that it will sell its interest in the Spheros Group to Valeo, a listed automotive supplier in France. The DBAG-managed DBAG Fund V, other co-investors and Spheros' management will also sell their interests. Contracts to that effect were signed today; their completion is subject to regulatory approval. DBAG acquired the Spheros Group, a manufacturer of climate systems for buses, in December 2011. The sales proceeds now agreed equate to more than double the original investment of 13.9 million euros. The sales proceeds exceed the investment's latest valuation in DBAG's IFRS-formatted annual financial statements (ended 30 September 2015); the disinvestment will therefore deliver a contribution to first-quarter income in DBAG's IFRS interim financial statements at 31 December 2015 of up to four million euros. Since the interest in Spheros is carried at its historical cost in DBAG's German GAAP accounts (HGB), the disinvestment will generate a capital gain of between 15 and 18 million euros. The Board of Management Frankfurt am Main, 23 December 2015 23.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Beteiligungs AG Börsenstrasse 1 60313 Frankfurt am Main Germany Phone: +49 (0)69 957 87-01 Fax: E-mail: welcome@dbag.de Internet: www.dbag.de ISIN: DE000A1TNUT7 WKN: A1TNUT Indices: SDAX Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Beteiligungs AG: Disinvestment of
Top 10 Most Recent News Articles
Celebree Gains Franchise Momentum: A New Frontier
The Climb: Celebree Schools on the Rise Here's a nugget in the franchise world that's causing a stir: Celebree School is making moves up the Franchise Times Top 400. When we're talking about a hop, skip, and jump through 84 spots since 2023, you can't help but notice. It's the third year in a row they're climbing this ladder, and it's making ripples. Franchise Expansion...
Continue Reading
New American Funding Expands in Carolinas with Mullinix Move
The Gathering of Mortgage Titans You don't just waltz into the mortgage world with a $2 billion track record and expect folks not to notice. Will Mullinix, a name that's become synonymous in the Carolinas with mortgage mastery, has decided to bring his influential Mullinix Mortgage Group under the banner of New American Funding. Talk about a power play. This bold strategy...
Continue Reading
CMC Declares Dividend Amid Complex Outlook
Dividend's Not Just a Regular Check October 13, 2026, marks yet another dividend declaration by CMC. This time, they're dishing out $0.20 per share—a steady payday for loyal shareholders. That's 248 times in a row they've done this song and dance. Odds are, folks holding NYSE:CMC shares are giving the nod of approval, but it ain't just about cash; it's about stability...
Continue Reading
VetsinTech's AI Training Boosts Military Careers
A New Spin on Engineering Careers Sometimes it feels like every corner I turn in this market maze, there’s something about AI. It’s not just chirping in the tech world anymore; it’s banging on the doors of sectors like engineering, aerospace, and manufacturing. And now, VetsinTech is tossing its hat into the AI ring with a fresh program aimed at blending military...
Continue Reading
Think Tank Pushes for Bold Parkinson's Prevention Plan
A New Era for Parkinson's Disease Prevention The Parkinson's Foundation has rolled out its battle plan to take on Parkinson's disease from the ground up, shifting gears from managing symptoms to stopping the illness before it starts. It's about damn time, too. With the disease being the fastest-growing neurodegenerative disorder and impacting 10 million people worldwide,...
Continue Reading
Montessori and Tech: A New Era of Integration
Reimagining Montessori with Technology Let's take a stroll down the road less traveled—the intersection of Montessori education and tech. For over a century, Montessori schools have valued individual child development, autonomy, and a purpose-driven environment. But let's face it, their technology hasn't always had the same handcrafted finesse. That's where illumine...
Continue Reading
Veterans Transitioning to Real Estate with Scholarships
Tapping Military Skills for Civilian Gain Finding a new career after military service is a mountain of a task, but veterans now have a golden ticket into the real estate appraisal world. The Appraisal Institute's Next Mission Scholarship is throwing veterans a $1,000 life preserver to dive into a field where their military-honed skills already shine. The Power of a...
Continue Reading
TechCrunch Disrupt 2026: NYSE and Snowflake Highlights
Ever noticed how the air vibrates just a bit more when major players like NYSE and Snowflake start shaking hands at big-league events like TechCrunch Disrupt? You'd better believe we're seeing a fresh brew of opportunities and challenges in the market as these titans lock horns and share insights. It's no small feat when the financial nerve center partners into the tech...
Continue Reading
Quark Baby's Milk Warmer Debut at Vancouver & Dubai
An Unconventional Pitch for Baby Gear Quark Baby is strutting its stuff not just in Vancouver but all the way in Dubai. Yeah, we're talking about a milk warmer hitting two major expos. What's the deal with an award-winning brand from Vancouver making so much noise? From October 17-18, they're home-court at The Baby Show Vancouver, and by October 22-24, they're in Dubai at...
Continue Reading
OmniActive's Fenavari: A New Era in Women's Health
Pioneering Women's Health with Fenavari You ever wonder why some health products get all the hype? Here's one for the book: OmniActive Health Technologies launching Fenavari, their top-tier contender in the women's health market. Now, we're not talking your run-of-the-mill supplement here. We're stepping onto a new playing field, especially with Dr. Taz Bhatia stepping...
Continue ReadingTop 5 Most Recently Viewed Articles
Margaritaville at Sea Shines with Three Awards in 2025
Margaritaville at Sea Excels in Readers' Choice Awards Recently, Margaritaville at Sea celebrated its impressive recognition in the USA Today 10Best Readers' Choice Awards, where it triumphed in three categories. The cruise line, which debuted in 2022, secured the top position for 'Best Cruise Line for Solo Travelers', was rated second as the 'Best Ocean Cruise Line', and...
Continue Reading
Northeast Ohio Medical University Launches Mental Health Program
Northeast Ohio Medical University Launches New Mental Health Program Northeast Ohio Medical University (NEOMED) has received significant attention for its recent initiative which aims to address the pressing mental health care needs across the region. This innovative program includes the introduction of a Certified Mental Health Assistant (CMHA) graduate degree, a...
Continue Reading
AB KN Energies and AB ORLEN Lietuva Enhance Strategic Collaboration
Strengthening Partnerships in the Energy Sector AB KN Energies (KN) is excited to announce a fresh collaboration with AB ORLEN Lietuva. This partnership involves a newly signed transshipment agreement aimed at enhancing operations at the Klaip?da liquid energy products terminal. This significant step forwards marks a continuing commitment to operational excellence and...
Continue Reading
Swiss GRC Recognized for Excellence in GRC Software Solutions
Swiss GRC Takes the Lead in Governance, Risk and Compliance In a competitive landscape, Swiss GRC has been distinguished by industry experts as a leader in the realm of Governance, Risk, and Compliance (GRC) solutions. Recognized for its innovative technology and customer-centric approach, this achievement showcases the company’s commitment to excellence within the GRC...
Continue Reading
Michelin's Current Voting Rights and Share Capital Overview
Introduction to Michelin's Governance Structure When it comes to understanding the intricate workings of a company, one of the critical elements to consider is its governance structure. Michelin, known for its innovative tire technologies, operates as a Partnership Limited by Shares with a clear capital base of EUR 352,874,393. This structure not only paves the way for...
Continue Reading