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Conzzeta: Strategic transformation completed - Conzzeta reaches agreement to divest Mammut Conzzeta / Key word(s): Disposal 26-Apr-2021 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. Strategic transformation completed Conzzeta reaches agreement to divest Mammut Zurich, April 26, 2021 - Conzzeta reports the signing of a binding agreement to divest its Mammut business unit to Telemos Capital, Londo...

Swiss holding company Conzzeta announced that it had reached an agreement to sell Mammut to financial investor Telemos Capital. In December 2019, Conzzeta said it had decided to explore sales offers for Mammut after determining the company’s future focus would be on its Bystronic business unit. “I am extremely proud of our entire team and our development over recent years. Today’s announcement is great news,” said CEO of Mammut Sports Group, Oliver Pabst. “Steered by our purpose ‘To...