- Purchase of 40% of the shares in Selfio for EUR 2.0 million
- 3U HOLDING AG becomes the sole shareholder
- Successful Online trading will be further expanded
Marburg, November 10, 2015 – 3U HOLDING AG (ISIN DE0005167902) will completely take over Selfio GmbH with effect from 31.12.2015. The purchase price for the 40% shares to be transferred amounts to EUR 2.0 million. The purchase decision is based on an external valuation.
Selfio GmbH was founded on June 1, 2011 by contribution of the predecessor company by the previous partners with an equity interest in the amount of TEUR 500 as well as a cash contribution of 3U HOLDING AG in the amount of TEUR 750 and therefore has a share capital of EUR 1.25 million.
Selfio GmbH has been able to increase its sales by more than 60% p. a. on average since its foundation and achieves disproportionately increasing positive earnings since 2013. In the current year sales are expected to amount to around EUR 12 million and earnings to around EUR 0.5 million. The positive business development will lead to sharply rising sales and earnings and in total to a further increase in enterprise value in the coming years, supported by a wider range of products and by addressing additional customer segments.
Head of Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421-999-1200
Fax.: +49 (0)6421-999-1222
Mobil: +49 (0)162-249 96 74