Koch Media Holding GmbH divests part of holding in THQ Nordic AB (publ)

Klemens Kundratitz has notified THQ Nordic AB (publ) that Koch Media Holding GmbH has sold 611,989 shares in THQ Nordic AB (publ) in a block trade to a group of institutional investors. Koch Media Holding GmbH was previously the parent company of the Koch Media Group and is owned by Franz Koch, Founder and Klemens Kundratitz, CEO and co-Founder of the Koch Media Group.

Klemens Kundratitz will remain in his position as CEO of Koch Media Group, a fully owned subsidiary to THQ Nordic AB (publ). The shares that have now been sold are part of the payment to Franz Koch and Klemens Kundratitz for the acquisition of Koch Media Group by THQ Nordic AB (publ). After the transaction, Koch Media Holding GmbH owns 375,976 shares in THQ Nordic AB (publ).

The buyers of the shares are five institutional investors that have expressed a long-term commitment in the holding. The transaction was performed on June 3, 2019.

For additional information, please contact:
Lars Wingefors, Group CEO, Phone: +46 708 471 978, E-mail: lwingefors@thqnordic.com 

Koch Media statement

Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. The group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest amongst many others.

With its head office in Karlstad, Sweden, Embracer Group has a global presence through its three operative groups: Koch Media GmbH/Deep Silver, THQ Nordic GmbH, and Coffee Stain AB. The group has eighteen internal game development studios engaging more than 2900 employees and contracted employers in more than 40 countries.