May 19, 2020 / 10:27 AM / 6 days ago

BRIEF-Bastei Lübbe AG Sells Majority Stake In Game Developer Daedalic

May 19 (Reuters) - Bastei Luebbe AG:

* DGAP-ADHOC: BASTEI LÜBBE AG SELLS MAJORITY STAKE IN GAME DEVELOPER DAEDALIC ENTERTAINMENT

* SELLING A 41 PERCENT SHARE IN GAME DEVELOPER AND PUBLISHER DAEDALIC ENTERTAINMENT IN A MANAGEMENT BUY-OUT

* BUYERS ARE MANAGING FOUNDING PARTNER CARSTEN FICHTELMANN AND COMMERCIAL DIRECTOR STEPHAN HARMS

* SALE WILL TAKE PLACE AT END OF MAY AND BASTEI LÜBBE WILL BE DECONSOLIDATED IN JUNE

* PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE

* AFTER SALE, BASTEI LÜBBE STILL HOLDS A MINORITY INTEREST OF 10 PERCENT IN DAEDALIC Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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