trending Market Intelligence /marketintelligence/en/news-insights/trending/s1ihmmeg-wrrf21zvvrzzw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Diebold subsidiary enters profit, loss transfer agreement with Wincor Nixdorf

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


Diebold subsidiary enters profit, loss transfer agreement with Wincor Nixdorf

A German subsidiary of Diebold Inc. has entered a domination and profit andloss transfer agreement with Wincor Nixdorf.

The agreement is part of Diebold's acquisition of WincorNixdorf, which the companies completed Aug. 15. Diebold's board of directors andWincor Nixdorf's management and supervisory boards approved the domination andprofit and loss agreement Aug. 16. It became effective Sept. 26.

Under the agreement, Diebold Holding Germany Inc. & Co.KGaA can issue binding instructions to the Wincor Nixdorf boards, and WincorNixdorf must transfer all its annual profits to Diebold KGaA. Diebold KGaA, inturn, will absorb losses incurred by Wincor Nixdorf.

Wincor Nixdorf shareholders will also be able to give theirshares to Diebold KGaA in exchange for €55.02 per share and recurringcompensation in cash of €3.13, or €2.82 net under the current taxation regime,per share for each full fiscal year of Wincor Nixdorf.