OHB Group sold shareholding in US space business SpaceDev Inc. according to the merger agreement with Sierra Nevada Corporation

Bremen/Augsburg, (PresseBox) - OHB Technology Group (ISIN: DE0005936124, Prime Standard), sold their 19 percent shareholding in publicly listed SpaceDev Inc, Poway (California), USA, (NASDAQ, OTCBB: SPDV). Sierra Nevada Corporation (SNC) acquired by way of a merger of a wholly owned subsidiary of SNC into SpaceDev 7,973,129 shares from OHB Technology AG and MT Aerospace AG for 0.72658 USD per share according to the merger agreement.

Proceeds of sales of the shareholding amounts to around 5.8 million USD corresponding currently to 4.1 million EUR. OHB Group realizes a book profit of 0.5 million EUR from its SpaceDev investment. Earnings per share of OHB Group in 2008 will benefit from this transaction in the amount of approximately 0.05 EUR.

OHB Technology and SpaceDev/SNC will continue their strategic partnership to cooperate in US space business.

For more information regarding the acquisition by way of a merger of a wholly owned subsidiary of SNC into SpaceDev please visit:


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