on Deutsche Beteiligungs AG (isin : DE0005508105)
Deutsche Beteiligungs AG Reports Unexpected Financial Gain from Sale of in-tech Investment
Deutsche Beteiligungs AG (DBAG) announced an unexpected increase to its net income by approximately 13 million euros for the second quarter of the fiscal year 2023/2024, following the sale of its investment in in-tech GmbH. This financial boost results from the disposal of DBAG Fund VIII's stake in the company, including DBAG's own 15.8% share. The transaction's revenue significantly surpasses the previously reported fair value of DBAG's interest in the latest quarterly statement ending December 31, 2023.
The completion of this sale is pending regulatory approval. While DBAG prepares its interim report for the first half-year and second quarter ending March 31, 2024, the company indicated that the unexpected financial gain will be included. The report, due on May 8, 2024, may feature additional adjustments in net income due to revaluations of the remaining portfolio companies or new insights during the report's preparation phase.
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