Vienna (OTS) – Autobank Aktiengesellschaft (AutoBank) currently holds 36% of the share capital of adesion Factoring GmbH based in Schorndorf (Germany). In addition, AutoBank holds silent participations totaling EUR 1,860,000.00 in adesion Factoring GmbH.
The German DORI Vermögensverwaltungs GmbH – Nürnberger Leasing Gruppe – as buyer and AutoBank as seller signed a contract on January 18, 2021 for the sale of the 36 percent of the shares of Autobank in adesion Factoring GmbH. After the execution of the purchase agreement, the Autobank no longer holds any shares in adesion Factoring GmbH.
„AutoBank planned to sell its shares in adesion Factoring GmbH a long time ago, so the transaction will take place regardless of any resolution to properly wind down the bank “, Said the board of directors of AutoBank AG.
Adesion factoring GmbH is also planning a capital increase. After their conclusion and the execution of the purchase agreement, DORI Vermögensverwaltungs GmbH – Nürnberger Leasing Group – should hold the majority of the shares. DORI Vermögensverwaltungs GmbH – Nürnberger Leasing Group – intends to use the funds from the capital increase, among other things, to discontinue AutoBank’s silent participations in adesion Factoring GmbH from the 2022 financial year at the earliest.
The execution of the purchase agreement and the subscription of further shares from the capital increase by DORI Vermögensverwaltungs GmbH – Nürnberger Leasing Group – are subject to the necessary regulatory approvals.
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Autobank Aktiengesellschaft sells stake adesion Factoring GmbH