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EQS-News: Mountain Alliance AG
/ Key word(s): Disposal
Subsidiary of Mountain Alliance AG sells land and property – gross proceeds of € 2.85 million
27.11.2024 / 10:21 CET/CEST
The issuer is solely responsible for the content of this announcement.
Subsidiary of Mountain Alliance AG sells land and property – gross proceeds of € 2.85 million
- Subsidiary getlogics sells land and property in Trier
- Gross sales proceeds of € 2.85 million before taxes and transaction costs
- Greater financial leeway for Mountain Alliance AG
Munich, 27 November 2024 – getlogics GmbH, a 64% subsidiary of Mountain Alliance AG (MA, ISIN ), has sold its land and the associated property at the Trier site to a long-standing customer. The gross sales price before deducting taxes and transaction costs is € 2.85 million.
For getlogics GmbH, a logistics and fulfillment service provider focusing on e-commerce based in Trier, the sale eliminates the costs associated with real estate management. The company will therefore operate with an optimized cost profile in the future.
The proceeds from the sale will further improve Mountain Alliance's already solid liquidity position with net financial liabilities of € 0.8 million as at 30 June 2024. This will increase the company's financial leeway for the further expansion of the portfolio, among other things.
“We are delighted with the successful real estate sale and the inflow of funds, which gives us more strategic flexibility. At the same time, we are continuing to work on optimizing our portfolio and on further lucrative exits,” says Dr. Hans Ulrich Tetzner, CEO of Mountain Alliance AG.
About Mountain Alliance AG:
Mountain Alliance AG (MA) (ISIN: DE000A12UK08) is an investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent, and experienced investor with many years of know-how and an excellent network, the company invests in innovative technology companies. The aim is to invest at an early stage in companies and business models that are actively shaping the future technology trends. The company gives shareholders easy access to a diversified portfolio of technology-oriented hidden champions via the stock exchange.
Contact:
Mountain Alliance AG
Dr Hans Ulrich Tetzner
Management Board
Theresienstr. 40
80333 Munich
e-mail:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Gräfelfing/Munich
phone: 30
e-mail:
27.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: |
English |
| Company: |
Mountain Alliance AG |
|
Theresienstraße 40 |
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80333 München |
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Germany |
| Phone: |
1 00 |
| Fax: |
1 11 |
| E-mail: |
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| Internet: |
-alliance.de |
| ISIN: |
DE000A12UK08 |
| WKN: |
A12UK0 |
| Listed: |
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: |
2039449 |
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| End of News |
EQS News Service |
2039449 27.11.2024 CET/CEST
