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M&A Activity • Dec 18, 2008

News Details

Corporate | 18 December 2008 08:01

ARQUES sells 85% share in automotive supplier, Eurostyle

ARQUES Industries AG / Disposal

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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ARQUES sells 85% share in automotive supplier, Eurostyle

Starnberg, December 18, 2008 - ARQUES Industries AG (ISIN DE0005156004),
based in Starnberg, has sold 85% of its shares in the international
automotive supplier, Eurostyle, for a symbolic price to the existing
management within the context of a management buy out (MBO). By way of this
transaction, ARQUES is reacting to the ongoing crisis in the French
automobile industry.

In the light of the dramatic decrease in the sales figures of the Eurostyle
Group’s main customers, the competent French court had already agreed to
the company's request for creditor protection ('Redressement Judiciaire')
for the automotive supplier’s French subsidiaries in October. The new
majority shareholder will continue the reorganization of the Eurostyle
Group.

ARQUES had already depriciated the book values of the Eurostyle Group in
the third quarter 2008. ARQUES expects no further expenses from the sale.

About ARQUES

ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of
conglomerates regarding company spin-offs and a turnaround specialist who
focuses on the acquisition and the active restructuring of companies in
transitional situations, in order to develop these, with its own team and
own resources, to competitive enterprises with a positive yield. ARQUES
revitalizes its subsidiaries' potential for creating value for the benefit
of all its stakeholders, taking on the relevant social responsibility. The
shares of ARQUES Industries AG are traded in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN:
DE0005156004) and are listed in the SDAX.

Contact:
ARQUES Industries AG
Corporate Communication
Christian Schneider
Email: schneider@arques.de

Tel.: +49 (0) 8151/ 651 0

18.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: luedemann@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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