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: firstname.lastname@example.org
Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos Montréal. The Group has 132 internal game development studios and is engaging more than 15,731 employees and contracted employees in more than 40 countries.