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lundi 5 juillet 2021

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Luxempart supports the strategic focusing of ESG Elektroniksystem- und Logistik-GmbH through the sale of its Mobility division and subsequent cash distribution to shareholders

Luxempart welcomes the recently announced sale of the Mobility division of ESG Elektroniksystem- und Logistik-GmbH (“ESG”), one of the leading German process and technology companies for the design, integration and operation of complex, security-related electronic and IT systems to Nasdaq-100-listed Cognizant as part of a strategic focusing of ESG. Luxempart holds c. 28% in ESG, which is managed in collaboration with Armira, an investment holding focused on direct investments in privately-held, medium-sized businesses in Germany, Austria and Switzerland. Luxempart is one of Armira's cornerstone investors, enabling it to participate in numerous companies in the German Mittelstand. Following the sale of its Mobility division, ESG has become ever more...

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