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Successful closing of Punch Powertrain’s sale to the Chinese Yinyi group for Gimv

Gimv and Gimv-managed Gimv-XL fund announce that the sale of Punch Powertrain to the Chinese Yinyi group, that was signed at the beginning of March, is now completed successfully. As such, Yinyi acquired full ownership of Punch Powertrain. The closing of this transaction has a net positive impact of about EUR 44 million (or EUR 1.75 per share) compared to the value of this shareholding in Gimv’s equity value as of 30 June 2016.