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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 sells its contract manufacturing business to Private Equity company; further focus on high growth trauma market

(PresseBox) (Berlin, )
aap Implantate AG (XETRA: AAQ.DE) announced earlier today a definitive agreement under which a Private Equity Company will acquire its contract manufacturing business that is concentrated in its Dutch 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 the end of April 2014; one third of the purchase price has been received already. Closing (notarial attestation) of the agreement is expected to occur within the next days.

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