Sale of the property in Gersthofen

The negotiations with an investor on the acquisition of our property in Gersthofen were brought to a successful conclusion on October 31, 2012. technotrans has realised a slight book profit from the sale and a net cash inflow of around € 4.0 million. Cash and cash equivalents will rise correspondingly at year end.

Lately the property had been reported as “investment property” in the balance sheet.