|
EQS-News: SGT German Private Equity GmbH & Co. KGaA
/ Key word(s): Strategic Company Decision/Strategic Company Decision
+++ Press release +++
SGT German Private Equity becomes German AI Group –
Frankfurt/Main, 13 March 2024 – SGT German Private Equity ("SGF"), a holding based in Frankfurt am Main, intends to announce details of its planned shift towards Artificial Intelligence by the end of June. The goal is to quickly build critical expertise, attract and retain AI talent, and return to profitability without major investment, while creating a platform to incubate promising AI startups. In an interview published earlier this week with Finance TV, founder and CEO Christoph Gerlinger provided initial details on this. The Annual General Meeting of SGF is scheduled to take place on 14 August 2014. On this occasion, the company will present the new business segment to its shareholders and put the change of name to ‘German AI Group’ to a vote. The invitation and agenda will be sent out in due time. In May, the subsidiary German Startups Group VC GmbH succeeded in partially selling two VC investments at respectively above book value. After the compensation of the managing general partner German AI Group Management GmbH has already been significantly reduced since the beginning of the year, this has now also been achieved for the remuneration of the Supervisory Board. With retroactive effect from 1 January 2014, the Supervisory Board waives half of its statutory remuneration until further notice. In addition, the company will put a reduction in the size of the Supervisory Board to three members to a vote at its Annual General Meeting.
About SGT German Private Equity SGT German Private Equity is a listed investment holding based in Frankfurt am Main. From mid-March 2024, the company focuses entirely on artificial intelligence and change its name to ‘German AI Group’. From its origin as a leading German venture capital provider under the former name German Startups Group, SGT German Private Equity holds a heritage portfolio of minority stakes in some promising German Tech Startups.
Investor Relations Contact
07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | SGT German Private Equity GmbH & Co. KGaA |
| Senckenberganlage 21 | |
| 60325 Frankfurt/Main | |
| Germany | |
| Phone: | 069-348690520 |
| Fax: | 069-348690529 |
| E-mail: | info@sgt-germanpe.com |
| Internet: | www.sgt-germanpe.com |
| ISIN: | DE000A1MMEV4 |
| WKN: | A1MMEV |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Tradegate Exchange |
| EQS News ID: | 1920775 |
| End of News | EQS News Service |
|
|
1920775 07.06.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
