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Bayern Munich Sells Stake to Family Office at $4.5 Billion Value

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Deals Bayern Munich Sells Stake to Family Office at $4.5 Billion Value The family behind a German heating equipment fortune has bought a stake in FC Bayern München AG, becoming only the fourth outside shareholder in the famous football team. Viessmann Generations Group GmbH & Co.

Deals Bayern Munich Sells Stake to Family Office at $4.5 Billion Value The family behind a German heating equipment fortune has bought a stake in FC Bayern München AG, becoming only the fourth outside shareholder in the famous football team. Viessmann Generations Group GmbH & Co. KG is buying a 5% stake, rising to just below 6.7% after a capital increase. The deal values the club at about €4 billion ($4.5 billion), according to people familiar with the matter. The parties gave no financial terms in a statement on Thursday. A spokesperson for Bayern Munich declined to comment.
Bayern Munich Sells Stake (ORG) Family Office (ORG) Bayern Munich Sells (ORG) German (ORG) FC Bayern München AG (ORG) Viessmann Generations Group GmbH & Co. (ORG) Bayern Munich (ORG)
Originally published by Bloomberg Markets Read original →