How much cash will learnd SE receive from the sale?

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learnd SE to Receive Over EUR 21 Million in Sale Proceeds

learnd SE is set to receive a total of EUR 10,455,693.00 from the sale of a 50.5% stake in its subsidiary, learnd Ltd. In addition to this sale amount, the company will also receive EUR 10,799,307.00 from the settlement of outstanding intra-group loans, bringing the total cash inflow from the transaction to over EUR 21 million.
Proceeds from Share Sale

The primary component of the cash inflow for learnd SE stems from the direct sale of its majority stake in learnd Ltd. This transaction, which values the subsidiary at an enterprise value of EUR 48.5 million, will result in learnd SE receiving EUR 10,455,693.00. This sale represents a significant divestment from its operating business.
Settlement of Intra-Group Loans

Further bolstering the cash received by learnd SE is the settlement of all outstanding intra-group loans as part of the overall transaction. This settlement will add an additional EUR 10,799,307.00 to the company's coffers, distinct from the proceeds generated by the share sale itself.
Transaction Context and Shareholder Structure

The sale of 50.5% of learnd Ltd. is being conducted as part of a management buy-out, with the shares being acquired by learnd Arrow Limited, a company indirectly controlled by former management board members John Clifford and Simon Wood. Following the completion of this transaction, learnd SE will retain an indirect minority stake of 49.5% in learnd Ltd.

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How much cash will learnd SE receive from the sale?

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