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DGAP-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Key word(s): Disposal/Investment DISCLOSURE OF INSIDE INFORMATION ACC. TO ARTICLE 17 MAR MPC Capital exits Dutch real estate market and sells 100% of its shares in CAIRN Real Estate BV at a significant book profit The transaction comprises all shares in Cairn Real Estate BV, a wholly-owned subsidiary of MPC Capital. The net purchase price amounts to approx. EUR 30 million. Closing of the transaction is expected for Q1 2022 and is subject to approval by the relevant regulatory authorities and other customary conditions. The sale of Cairn is expected to contribute with a book profit in the low double-digit million euro range to the earnings before taxes (EBT) of MPC Capital Group for the financial year 2022. MPC Capital will provide a financial outlook for 2022 in Q1 2022. The financial outlook for 2021 remains unchanged (lower revenue level and a substantial improvement in EBT compared to the previous year). Contact and disclosing person pursuant to Article 17 of MAR This communication contains future-related statements that are to some degree subject to risks and uncertainties. Future results may deviate considerably from those currently expected due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, exchange rate fluctuations, uncertainties arising from legal disputes or investigative proceedings, and access to financial resources. MPC Capital AG assumes no responsibility whatsoever for updating the future-related statements contained in this communication.
11-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | MPC Münchmeyer Petersen Capital AG |
| Palmaille 75 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 380 22-0 |
| Fax: | +49 (0)40 380 22-4878 |
| E-mail: | kontakt@mpc-capital.com |
| Internet: | www.mpc-capital.de |
| ISIN: | DE000A1TNWJ4 |
| WKN: | A1TNWJ |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1245286 |
| End of Announcement | DGAP News Service |
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1245286 11-Nov-2021 CET/CEST
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