GERMANY - Arques sells Tiscon to KCK Association

Linden-based Tiscon AG invests in small companies in the IT, telecommunications and electronics industries. Its largest investment to date is COS Distribution GmbH, other positions include Chikara Handels-GmbH and Topdeo IT Handels GmbH. The firm received a EUR 1.7m loan from Arques early 2009 to improve liquidity, and a further EUR 1m April this year.

Separately, it emerged today that Arques alongside SKW Stahl-Metallurgie Holding AG and SKW Stahl-Metallurgie GmbH in which Arques held positions until 2007, were fined EUR 13.3m by the European Commission. Several other companies in the calcium carbide sector were included the Commission ruling, and total fines amounted to EUR 61.2m for cartel violations. Arques said in a statement they have not yet received the official notification of the fine.

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