Software AG sells SAP SI stake to SAP
Print€26m boost for bottom line
Posted in Financial News, 19th April 2004 16:23 GMT
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In brief Software AG has sold its stake in SAP System Integration AG to SAP. SAP is paying €l20.40 per share, a total of €26m. The deal means that SAP now owns 74 per cent of SAPSI, which it wants to merge with its own consultancy business. It will offer to buy the remaining shares in the next few weeks. According to SAP 60 per cent of remaining shareholders are private investors and 40 per cent are institutions. ®
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