Gigaset AG

Legal Proceedings Report • Oct 20, 2008

News Details

Corporate | 20 October 2008 18:31

ARQUES subsidiary Eurostyle France continues to restructure under creditor protection

ARQUES Industries AG / Restructure of Company

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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In response to the mounting crisis in the French automotive industry,
automotive supplier Eurostyle, a subsidiary of ARQUES Industries AG (ISIN
DE0005156004), has placed its French subsidiaries under creditor protection
(redressement judiciaire) by order of the competent French court at the
company's request. The company decided to take this step in the light of a
sudden collapse in its main customers' sales figures, which has resulted in
Eurostyle suffering severe declines in terms of both new orders and
revenues.

Within the framework of the envisaged creditor-protection process, the
company will continue to operate as normal and press ahead with its
internal restructuring.

About ARQUES
ARQUES Industries AG, Starnberg (www.arques.de), is a partner for major
corporations in corporate spin-offs and a turnaround specialist
concentrating on the acquisition and active restructuring of companies in
crisis situations in order to turn them into competitive and profitable
companies with a dedicated team and their own efforts. ARQUES revitalizes
its subsidiaries’ potential for adding value for the benefit of all of
their stakeholders under consideration of the associated social
responsibility. The shares of ARQUES Industries AG are traded on the
Frankfurt Stock Exchange’s Regulated Market (Prime Standard) under the
symbol 'AQU' (ISIN: DE0005156004) and have been listed in the
SDAX.

ARQUES Industries AG
Public Relations
Christian Schneider
Email: schneider@arques.de

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

20.10.2008 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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