Kapsch TrafficCom: Traffic management company Kapsch TrafficCom announced that it has relinquished control and the majority of voting rights in Kapsch Telematic Services IOOO, based in Belarus, which operates the nationwide tolling system in Belarus. The Company now holds less than 50% of the shares in Kapsch Telematic Services IOOO. The parties have agreed not to disclose the details of the transaction. Kapsch Telematic Services IOOO has been deconsolidated from the Company ́s Group and the Company no longer generates revenue from Kapsch Telematic Services IOOO.Based on the purchase price structure on the one side and agreed inflow of future earnings of Kapsch Telematic Services IOOO on the other side, the Company remains substantially economically entitled to the business success of Kapsch Telematic Services IOOO.
Kapsch TrafficCom: weekly performance: -4.05%