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United Labels AG
M&A Activity • Jan 12, 2018
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M&A Activity
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News Details
Ad-hoc | 12 January 2018 11:22
United Labels AG acquires remaining interests in Elfen Service GmbH
United Labels AG / Key word(s): Investment
United Labels AG acquires remaining interests in Elfen Service GmbH
12-Jan-2018 / 11:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
United Labels AG acquires remaining interests in Elfen Service GmbH
Münster, 12 January 2018. United Labels AG (ISIN: DE 0005489561, WKN: 548956) will acquire the remaining interests in subsidiary Elfen Service GmbH effective from 1 April 2018.
The remaining 20% ownership interest in the aforementioned entity is to be purchased at its nominal value. In acquiring the interests, the company will gain full profit entitlement retrospectively as from 1 January 2017.
The acquisition of these interests is subject to the usual conditions precedent.
Elfen Service GmbH operates an e-commerce business with end consumers as a member of the United Labels Group. The Christmas period of 2017, in particular, produced significant revenue growth for this side of the business. In future, this area is to be further expanded with products from United Labels AG.
Further information:
United Labels AG – Investor Relations –
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
12-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | United Labels AG |
| Gildenstr. 6 | |
| 48157 Münster | |
| Germany | |
| Phone: | +49 (0)25 132 21-0 |
| Fax: | +49 (0)25 132 21-999 |
| E-mail: | [email protected] |
| Internet: | www.unitedlabels.com |
| ISIN: | DE0005489561 |
| WKN: | 548956 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |