Capital Stage AG to sell non-core assets

Hamburg-based Capital Stage AG has announced its intentions to divest its non-core activities in stock trading and corporate finance after the first quarter 2002 results showed EBIT of -EUR 1.14m, following the trend of the full year 2001 with EBIT of -EUR 12.67m in the relevant business areas. The company hopes to sell its 100% interest in Capital Stage Brokerage GmbH by the end of 2002. Capital Stage will then concentrate on its core businesses of venture capital and private equity, which made proceeds of EUR 14.11m and EBIT of EUR 5.12m in the financial year 2001. In addition the company will continue its efforts in the consulting business.

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• Topics
• GPs
• DACH