Villeroy & Boch AG

Business and Financial Review • Sep 13, 2005

News Details

Ad-hoc | 13 September 2005 19:38

Villeroy & Boch AG: Separation of the Tile Division

Ad hoc announcement §15 WpHG Strategische Unternehmensentscheidungen Villeroy & Boch AG: Separation of the Tile Division Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— At its meeting on September 12 2005, the Villeroy & Boch Supervisory Board passed a resolution to separate the Tile Division from Villeroy & Boch AG and establish it as a wholly-owned subsidiary with effect from January 1 2006. These measures aim to relieve the Division to a great extent from centralised costs, and enable concentrated implementation of the capital reconstruction scheme already initiated, with cost savings of over Euro 10 million. The Tile Division employs a workforce of approximately 1,000. Villeroy & Boch AG Saaruferstraße 66693 Mettlach Deutschland ISIN: DE0007657231 (SDAX) WKN: 765723 Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart End of ad hoc announcement (c)DGAP 13.09.2005 131938 Sep 05