mic AG executes mutually binding Memorandum of Understanding regarding the sale of shares in neuroConn GmbH
The Munich-based mic AG (ISIN DE000A0KF6S5) and other shareholders of neuroConn GmbH have signed a mutually binding Memorandum of Understanding with an investor consortium led by the Passion Investment Group Pty Ltd. regarding the sale of their shares in neuroConn GmbH. The investor consortium intends to take over all issued shares in neuroConn, amounting to 90.55%, by 31.12.2014 and will take over at least the majority of these shares by 30.06.2014. The purchase price is the payment of an amount in the high single-digit millions.