Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-News: Mutares SE & Co. KGaA: Mutares successfully closes the acquisition of the Italian postal market's Nexive business from PostNL


DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Mutares successfully closes the acquisition of the Italian postal market's Nexive business from PostNL

01.07.2020 / 20:42
The issuer is solely responsible for the content of this announcement.


Mutares successfully closes the acquisition of the Italian postal market's Nexive business from PostNL

- Second largest player in the Italian postal market with revenues in 2019 of approx. EUR 213 million

- Mutares as majority stakeholder with 80%, PostNL maintains minority

- Platform investment strengthens Goods & Services segment

 

Munich, 1 July 2020 - Mutares (ISIN: DE000A2NB650) completes the acquisition of the majority stake in the Italian postal service Nexive. The transaction marks an asset purchase through a new joint venture between Mutares, with a stake of 80% and the former owner PostNL who obtains a minority interest of 20%.

Nexive operates countrywide in Italy and is the Top 2 player of the Italian market providing mail services to 80% of their households and parcel services to the entire Italian market. The company employs approximately 1,300 employees directly plus indirectly partners up with approx. 6,000 people through their sorting hubs and distribution channels.

In recent years, Nexive significantly expanded and developed its network and product portfolio through innovative services and solutions, by aspiring to become the ideal provider for mail and parcel logistics in terms of service, quality and price for its customers.

Mutares provides the frame for the support and repositioning of the company to further grow and develop the business as well as to enhance operational and administrative efficiency through its own consulting teams. Nexive strengthens the Mutares segment Goods & Services.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For further information:

Mutares SE & Co. KGaA

Investor Relations

Phone +49 89 9292 7760

Email: [email protected]

www.mutares.com

Contact Press

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Phone +49 89 1250 90330

Email: [email protected]

www.crossalliance.de



01.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: [email protected]
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 1081143

 
End of News DGAP News Service

1081143  01.07.2020 

fncls.ssp?fn=show_t_gif&application_id=1081143&application_name=news&site_id=sharewise

Mutares SE & Co. KgaA Stock

€40.90
-0.490%
The price for the Mutares SE & Co. KgaA stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.490%).

Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments