MagForce AG: agreement in principle on the sale of business activities

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EQS-Ad-hoc: MagForce AG / Keyword(s): Insolvency/Miscellaneous
MagForce AG: agreement in principle on the sale of business activities

14-Nov-2022 / 21:08 CET/CEST
Disclosure of privileged information according to. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of privileged information according to. in Article 17 MAR of Regulation (EU) No 596/2014

MagForce AG: agreement in principle on the sale of business activities

Berlin, November 14, 2022 – The insolvency administrator of MagForce AG (ISIN: DE000A0HGQF5), Mr. Rüdiger Wienberg, lawyer, concluded today the negotiations conducted with a group of foreign companies concerning the sale of the main business area of ​​MagForce AG and of its direct subsidiaries and indirect subsidiaries. This business includes, among others, the application of NanoTherm therapy for the treatment of certain tumors, including focal thermal ablation treatment of patients with intermediate-risk prostate cancer, as well as the manufacturing, maintenance, repair and service of NanoActivator, an alternating field-generating magnetic magnet and the nanoparticles used in NanoTherm therapy. The funds necessary to maintain commercial operations until the conclusion of contract negotiations had been pre-financed by the investors. Proceeds from the sale will go to the insolvency estate. MagForce AG will be liquidated as part of the insolvency proceedings; shareholders should not receive any payment.

The purchase contract is expected to be signed on November 15, 2022.

– End of privileged information –

Contact:
MagForce AG, Max-Planck-Straße 3, 12489 Berlin
Barbara of Frankenberg
Vice President Communications and Investor Relations
T +49-30-308380-77
Email: [email protected]


14-Nov-2022 CET/CEST EQS distribution services include regulatory announcements, financial/corporate news and press releases.
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Language: English
Company: MagForce SA
Max-Planck-Strasse 3
12489Berlin
Germany
Call: +49 (0)30 308 380 0
Fax: +49 (0)30 308 380 99
E-mail: [email protected]
The Internet: www.magforce.com
IS IN: DE000A0HGQF5
WKN: A0HGQF
Clues: Scale 30
Listed: Unofficial regulated market in Berlin, Düsseldorf, Frankfurt (Base Board), Stuttgart, Tradegate Exchange
EQS News ID: 1487605

End of announcement EQS News Service

1487605 14-Nov-2022 CET/CEST

EQS 2022

All news about MAGFORCE AG

2022 sales 2.98 million
3.08M
3.08M
2022 net income

Net debt 2022

PER 2022 ratio
2022 return
Capitalization 3.56 million
3.68 million
3.68 million
capi. / Sales 2022 1.20x
capi. / Sales 2023 0.23x
# of employees 33
Floating 74.3%


Duration :

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MagForce AG Technical Analysis Chart |  MarketScreener

Evolution of the income statement

Medium consensus
Number of analysts 0
Last closing price 0.12
Average target price
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