M&A Activity • Aug 30, 2010
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 30 August 2010 10:34
AURELIUS takes a stake in Traumschiff
AURELIUS AG / Acquisition
30.08.2010 10:34
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
AURELIUS takes a stake in Traumschiff
Munich, 30 August 2010. Munich-based industrial holding AURELIUS and the
Deilmann family have agreed today on the takeover of a majority stake by
AURELIUS in the shipping company Peter Deilmann and their cruise liner
DEUTSCHLAND, which was built by HDW in Kiel in 1998 and named by the former
German President Richard v. Weizsäcker. The DEUTSCHLAND is the flagship of
the German cruise line tradition which was founded by Peter Deilmann. The
five-star-superior ship is well known as Traumschiff from the TV series of
the same name and is the only cruise liner worldwide to be registered under
the German flag. The Neustadt-based family enterprise generating revenues
of about 50 million euros in the previous fiscal year was in need of
additional capital due to the overall difficult economic situation and some
fire damage. AURELIUS provides a double-digit million euro amount to
strengthen the company's capital base.
Hedda Deilmann says: 'We are very happy that we have found a safe harbor in
a financially strong and long-term investor after these stormy months.'
This is confirmed by Gisa Deilmann: 'Our clients have very high quality
requirements. In AURELIUS we have found a partner understanding our guests'
needs and supporting our endeavor to offer quality of the absolute luxury
segment.'
Dr. Dirk Markus, CEO of AURELIUS, says: 'We are pleased to board the
DEUTSCHLAND! The Traumschiff of the Peter Deilmann shipping company
represents amazing travel experiences of the best German cruising
tradition. We will extend this top class positioning and actively support
the company in its further development.'
The transaction is still subject to approval by the responsible antitrust
authorities as well as the agreement of the accompanying consortium of
banks consisting of Deutsche Bank Shipping, HSH Nordbank, Kreditanstalt für
Wiederaufbau (KfW) and DVB Bank, which have positively accompanied the
transaction so far.
Press material on the DEUTSCHLAND can be found here:
http://www.deilmannkreuzfahrten.de/htmlr/pages/pressedown.html
About Aurelius
AURELIUS AG is an industrial holding with a long-term investment horizon
focusing on the acquisition of companies with potential for development.
AURELIUS has some longstanding investment and management experience in
various industries. By applying management capacities and the necessary
funding for investments in innovative products, distribution and research
AURELIUS constantly advances its portfolio companies. With offices in
Munich and London as well as portfolio companies in Germany, England,
France, Ireland, Poland, the Netherlands and Switzerland, AURELIUS operates
throughout Europe. The shares of AURELIUS AG are traded on the open market
of the Frankfurt stock exchange (ISIN: DE000A0JK2A8). For more information,
please visit www.aureliusinvest.com.
Press contact AURELIUS AG:
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
Press contact Reederei Deilmann:
Mr Hans-Ulrich Kossel
Kossel Kommunikation
Phone +49 (40) 656 811 81
Fax +49 (40) 656 811 82
[email protected]
30.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.