German Values Property Group AG

Legal Proceedings Report • Jun 2, 2005

News Details

Ad-hoc | 2 June 2005 14:12

Travel24.com AG: cooperation with Visa Europe Ltd.

Ad hoc announcement §15 WpHG cooperation Travel24.com AG: cooperation with Visa Europe Ltd. Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, june 2nd, 2005 – The cooperation between Visa Europe Ltd. and Travel24.com AG announced in an Ad Hoc on May 18th, 2005 did not start as contractually agreed upon on June 1st, 2005. A fax from TUI addressed to its sales partners on June 1st, 2005 reads as follows on the subject: “We (TUI), together with Commerzbank, have promptly conducted negotiations with VISA International in order to effect an immediate termination of this cooperation. Together with our TUI Card contractual partner Commerzbank, we succeeded to stop the planned marketing campaign with Travel24.com ahead of its implementation.” Talks between Visa Europe Ltd. and Travel24.com AG are currently taking place in order to clarify the circumstances. Further, legal proceedings are being evaluated. Travel24.com AG Motorstrasse 56 80809 München Deutschland ISIN: DE0007487506 WKN: 748750 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München und Stuttgart End of ad hoc announcement (c)DGAP 02.06.2005 021412 Jun 05