Good Brands AG: Portfolio Clean-up – Impairment of Investments
Today the management board of Good Brands AG decided to write down the value of the investments in United Screens GmbH (455 TEUR), Marvin Inc. (150 TEUR), WineGuys Germany GmbH (92 TEUR), truemorrow Solutions UG (haftungsbeschränkt) (60 TEUR), Pure Beverage GmbH (20 TEUR) and Make Love and Aid GmbH (2 TEUR) in full and the investment in stilfaser GmbH in part (by 2,243 TEUR), and to carry out a portfolio clean-up. The write-downs therefore total EUR 3.0 million.