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UIAG to Take Over 40% of Mbi-Group for EUR 8 Million

Published: July 2, 2014; 19:40 · (Vindobona)

Investments firm UIAG agreed to take over 40 percent in industrial machining manufacturing company mbi-group Beteiligung GmbH, parent of machine maker Anger Machining, for EUR 8 million in capital hike and funds, UIAG said.

UIAG to Take Over 40% of Mbi-Group for EUR 8 Million / Picture: © Flickr

Investments firm UIAG agreed to take over 40 percent in mbi-group, parent of machine maker Anger Machining, for EUR 8 million in capital hike and funds, UIAG said Tuesday evening.

By 2015, UIAG has the option to raise the stake to 70 percent.

The closing should take place by the end of September.

UIAG wants to develop the company in the coming years

This article includes a total of 67 words.

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