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Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Legal Proceedings Report • Nov 11, 2020
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Legal Proceedings Report
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Ad-hoc | 11 November 2020 20:12
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Real Estate
Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level
11-Nov-2020 / 20:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
AD-HOC RELEASE according to Art. 17 MAR
**LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG
– ISIN DE000519990 –**
LUDWIG BECK am Rathauseck – Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level
Munich, November 11, 2020 – Ludwig Beck Grundbesitz Haar GmbH, Munich, a 100% subsidiary of LUDWIG BECK AG, today entered into a contract for the sale of its property located in Haar by means of a sale and lease back transaction with transfer of benefits and burdens on December 31, 2020. Buyer is a real estate company based in the Munich area. The purchase price amounts to approximately 10 million €. The purchase price will generate an extraordinary income before taxes in the amount of approximately 4 million € for the LUDWIG BECK group.
This transaction is intended to strengthen the liquidity and earnings situation of the group in times of the COVID 19 pandemic.
Investor Relations:
LUDWIG BECK AG
Andre Deubel
t: +49 89 23691-745
f: +49 89 23691-600
11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG |
| Marienplatz 11 | |
| 80331 München | |
| Germany | |
| Phone: | +49 (0)89 2 36 91-0 |
| Fax: | +49 (0)89 2 36 91-600 |
| E-mail: | [email protected] |
| Internet: | www.ludwigbeck.de |
| ISIN: | DE0005199905 |
| WKN: | 519990 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1147495 |
| End of Announcement | DGAP News Service |