VCI Global proposes to acquire 51% stake in Cogia for $5M

VCI Global has proposed to acquire a 51% stake in Cogia GmbH from Cogia AG for a purchase consideration of $5M. The purchase consideration will be settled by way of issuance of new VCI Global ordinary shares to Cogia. Cogia GmbH is wholly owned by Cogia AG, a company listed on Dusseldorf Stock Exchange. Incorporated in Frankfurt am Main, Germany, Cogia GmbH itself is a software company which offers artificial intelligence based, fully privacy-compliant solutions in the areas of secure communications, cybersecurity, Big Data Analytics and web monitoring. Its vast customer portfolio includes major companies from various industries, such as Volkswagen, BMW, Lufthansa, IPSOS and the government of an European Union state.