Bayern Munich sell shares to Viessmann in deal estimated at €250m
Bayern Munich are selling shares from the professional football division to long-time partners Viessmann Generations Group for an estimated €250 million ($281 million). Bayern said on Wednesday that Viessmann will acquire 5% of the shares which at the end the transaction will rise to close to 6.
Bayern Munich are selling shares from their professional football division to Viessmann Generations Group for an estimated €250 million, with Viessmann acquiring a 5% stake that could rise to 6.7% after the transaction. The deal is the fourth and final equity package, completing the club's ownership structure. Bayern president Herbert Hainer stated that the move enhances the club's financial flexibility.
Viessmann, a family-owned heating technology and infrastructure company, has been a partner since 2018 and will join Bayern's supervisory board as a 10th member.
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