News

Salvepar completes sale of Thermador Groupe stake

February 12, 2015 at 7:30 pm

Share this article

Salvepar has finalized the sale of its entire stake in Thermador Groupe. 

Salvepar was a shareholder of Thermador Groupe since May 2008 and had begun to divest its stake in 2014. 

The sale has seen Salver realise a gain of EUR7.2 million, among which EUR5.2 million will be recognised in 2015. The aggregate sale price corresponds to 1.8 time the amount initially invested.