DGAP-Adhoc: SNP SE Intends to Sell Polish Subsidiary to All for One Group

2020. december 16., szerda, 20:46

DGAP-Ad-hoc: SNP Schneider-Neureither & Partner SE / Key word(s): Disposal

SNP SE Intends to Sell Polish Subsidiary to All for One Group

16-Dec-2020 / 20:46 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

SNP SE Intends to Sell Polish Subsidiary to All for One Group

SNP Schneider-Neureither & Partner SE decided today to sell 51% of their subsidiary SNP Poland SP. z o.o. based in Suchy Las to the All for One Group SE from Filderstadt, Germany. The plan is to implement the sale in the first quarter of 2021 and complete it by April 1, 2021. For the full acquisition, the parties intend to put in place a put and call option mechanism which shall apply from the end of 2023.

SNP Poland Sp. z o.o. had revenue of € 21.1 million in the 2019 fiscal year and an operating result (EBIT) in the amount of € 1.1 million. As of October 31, 2020, the company had about 400 employees. With this sale, SNP Schneider-Neureither & Partner SE is focusing more strongly on the transformation business.


Contact Investor Relations

SNP Schneider-Neureither & Partner SE

Christoph Marx

Head of Investor Relations

Telephone: +49 6221 6425 - 172

E-Mail: christoph.marx@snpgroup.com

16-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: SNP Schneider-Neureither & Partner SE

Dossenheimer Landstraße 100

69121 Heidelberg

Phone: +49 6221 6425 637, +49 6221 6425 172
Fax: +49 6221 6425 20
E-mail: investor.relations@snpgroup.com
Internet: www.snpgroup.com
ISIN: DE0007203705
WKN: 720370
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1155853

End of Announcement DGAP News Service

1155853  16-Dec-2020 CET/CEST

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