The systems
architect continues to expand internationally
COLOGNE,
Sept 5 (Bernama-BUSINESS WIRE) -- The Qvest Media Group has a new majority
shareholder. With its planned closing at the end of September 2016, the RAG-Stiftung
(RAG Foundation) will be acquiring a majority of the shares in Qvest Media from
the company’s founders, Gunnar Wellen and Peter Nöthen, through its investment
company RAG-Stiftung Beteiligungsgesellschaft mbH. The shareholdings include
all subsidiary companies of the Qvest Media Group in Germany, the United Arab
Emirates and Singapore. The transaction is subject to approval by the antitrust
authorities. The management of Qvest Media is planning to build further upon
their successful international growth path as a result of the new partnership
and open up new business areas and markets.
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