Press Releases

TAKKT completes planned real estate sale in the US

12/19/2018

Stuttgart, Germany, December 19, 2018. Last week, TAKKT has successfully completed the real estate sale in the US which was announced at the end of October. The agreed sales price amounted to USD 9.2 million. TAKKT generates a one-time income before taxes of USD 5.8 million as a result from this transaction.

The property sold is an office building that belonged to the former US subsidiary C&H. In the course of the sale of C&H at the beginning of 2015, the property initially remained with TAKKT and was prepared for later sale. At the beginning of October, TAKKT signed a purchase agreement with the potential buyer subject to a successful due diligence. Following completion of this due diligence, the contract has now become effective.