15-11-2021 | Corporate & Ad-hoc news | Financial news | Press releases

paragon Signs Contracts for Sale of Stake in Voltabox

Delbrück, Germany, November 15, 2021 – paragon GmbH & Co. KGaA [ISIN DE0005558696] has carried out the previously announced over-the-counter sale of its former 51% share in Voltabox AG. 28% of its block of shares are going to strategic investor Trionity Invest GmbH, who gets the option to additionally buy further about 2% from paragon; around 21% are bought by Swiss financial investor EW-Trade AG. The corresponding sales contracts were signed independently of each other on November 12, 2021. The parties have agreed not to disclose the terms of the transactions.

  • 49% stake in Voltabox AG goes to two different investors

  • Strategic investor Trionity acquires 28%

  • Closing expected shortly