Beter Bed Holding completed divestment Matratzen Concord
2 December 2019
On 2 December 2019, Beter Bed Holding successfully completed the divestment of the Matratzen Concord companies in Germany, Austria and Switzerland to Magical Honour Limited for a purchase price of € 5.0 million in cash on a cash-and-debt free basis. As part of the transaction, Beter Bed Holding also issued 2.15 million new shares to Magical Honour Limited for € 2.32 per share, representing a total equity investment of € 5.0 million in Beter Bed Holding in cash.
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