AUSTRIA - Capexit sells phion stake to Barracuda for EUR 1m
Capexit has sold the remainder of its interest in listed IT service provider phion to Barracuda Networks, in deal worth just over EUR 1m.
Barracuda made a takeover offer to the remaining shareholders of phion earlier this week. Capexit's remaining stake of 65,695 shares, or 8.21% of the share capital, was sold at EUR 16 per share.
Capexit conducted the IPO of phion in July 2007. The investor was recently dissolved, with the remainder of the portfolio now being managed by owner Erste Group Bank AG.
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