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aap Implantate AG Lorenzweg 5 12099 Berlin, Germany http://www.aap.de
Contact Mr Marc Heydrich +49 30 75019134
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aap Implantate AG

aap Implantate AG divests its contract manufacturing business for EUR 18 million cash to private Equity company

(PresseBox) (Berlin, )
aap Implantate AG (XETRA: AAQ.DE) announced today a definitive agreement under which a Private Equity Company will acquire its contract manufacturing business that is concentrated in its subsidiary, European Medical Contract Manufacturing B.V. (EMCM). The purchase price for all shares in EMCM is EUR 18 million and payable in cash under a deferred payment schedule. The cash consideration will flow to aap in three installments until end of April 2014. Closing (notarial attestation) is expected to occur within the next days.

EMCM develops and manufactures sterile medicinal products for the Biomaterials, Pharmaceuticals and Tissue Engineering markets and achieved revenues ik UGW 84 sfnohfl af 9911.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.