TTL Beteiligungs- und Grundbesitz-AG (XTRA:TTO) entered into an agreement to acquire unknown minority stake in Montano Asset Management GmbH from current shareholders for an enterprise value of €2.4 million on December 9, 2020. TTL Beteiligungs- und Grundbesitz-AG increasing its stake through the subscription of the capital increase. The enterprise value underlying the purchase price amounts to nine times the expected adjusted EBITDA of about €2.4 million for 2020 of Montano. Upon completion, TTL Beteiligungs- und Grundbesitz-AG will acquires 30 percent of Montano through the acquisition of shares from current shareholders and subscription of a capital increase. The transaction is expected to be completed by December, 2020. TTL Beteiligungs- und Grundbesitz-AG (XTRA:TTO) completed the acquisition of unknown minority stake in Montano Asset Management GmbH from current shareholders in December, 2020.