News 
Market Data 
Discover
Replies to post #1457 on Systems America, Inc.(fka SYAI)
S & T AG pays last 6-million-EUR tranche of acquisition of the "S & T old"
http://www.snt.at/news/pressroom/pressreleases/84210.de.php
Financially completed the acquisition of the system house
The S & T AG (www.snt.at), formerly Quanmax AG, has on 11.12.2013 returned the last tranche of the 2011 comparative "old S & T" concluded the acquisition of the shares of the restructuring agreement in the amount of EUR 6.0 million. For the part of the purchase of the former S & T System Integration & Technology Distribution AG concluded with a consortium consisting of 15 banks compared total liabilities of EUR 26.5 million were to use.
With the return of the remaining balance of EUR 6 million were all made in the restructuring agreement agreed payments, the acquisition has now also completed financially. The equity ratio, which stood for the third quarter of 2013 at 33.6 percent, thus increases by around 1.2 percent on
the on the Frankfurt Stock Exchange-listed S & T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) S & T AG, with offices in 19 Central and Eastern European countries to the three largest IT solution providers and system integrators in Eastern Europe. In the past fiscal year were generated with approximately 1,500 employees in sales EUR 340 million. Due to the continuous expansion of business with proprietary technologies for vertical markets is planned especially a disproportionate increase in earnings in the current year.
AI
