IR-News

AUSSENDER



iQ International AG
Ansprechpartner: Eva Reuter
Tel.: +41 41 768 03 63
E-Mail: ereuter@dr-reuter.eu

FRüHERE MELDUNGEN

pta20201228018
Public disclosure of inside information according to article 17 MAR

iQ International AG: iQ International has signed a Stock Purchase Agreement for the Acquisition of Tecnova S.A.


Zug/Switzerland - 28 December 2020 (pta018/28.12.2020/23:35) - iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), traded at the General Standard of the Frankfurt Stock Exchange with its head office in Zug, Switzerland has signed a stock purchase agreement for the acquisition of Tecnova S.A. which includes the Tecnova battery factory in Ecuador.

iQ International AG and the stockholders of Tecnova S.A. (" Tecnova ") in Ecuador have signed a stock purchase agreement pursuant to which iQ International will acquire all of the stock of Tecnova. Tecnova is a manufacturer of batteries with a factory in Ecuador that produced approx. 695,000 batteries in 2019, generated net sales of USD 64 million and had an EBITDA of USD 8.7 million. The transaction is subject to antitrust approval and is also subject to iQ International completing its institutional financing which was announced in an ad-hoc announcement on 14 September 2020.

The stock purchase agreement provides for a total purchase price of USD 39.4 million of which USD 27.4 million will be payable at the closing and USD 12 million will be represented by a five-year sellers' note.

(end)
emitter: iQ International AG
Landis + Gyr Strasse 1
6300 Zug
Switzerland
contact person: Eva Reuter
phone: +41 41 768 03 63
e-mail: ereuter@dr-reuter.eu
website: www.iqinternational.com
stock exchanges: regulated market in Frankfurt; open market in Berlin
ISIN(s): CH0451424300 (share)
|
|
98.174 Abonnenten
|
189.736 Meldungen
|
77.699 Pressefotos

BUSINESS

14.05.2021 - 13:30 | pressetext.redaktion
14.05.2021 - 11:30 | Reichl und Partner PR GesmbH
14.05.2021 - 09:30 | PromoMasters Online Marketing
14.05.2021 - 09:00 | GOLDBECK RHOMBERG AG
14.05.2021 - 06:10 | pressetext.redaktion
Top