Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

ER - Deutz AG: Sale completed of marine service business for medium-sized and large

Company: DEUTZ AG Date: 2005-03-31 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 News Details

Ad-hoc | 31 March 2005 16:49

#   

Deutz AG: Sale completed of marine service business for medium-sized and large

Ad hoc announcement §15 WpHG Mergers & Aquisitions Deutz AG: Sale completed of marine service business for medium-sized and large Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Sale closed on 31st March as planned High extraordinary income in 2005 All contractual terms having come into force, DEUTZ today sold its marine service business with medium-sized and large engines to the Finnish Wärtsilä group at a price of EUR 115 million. On 13th January 2005, DEUTZ and Wärtsilä signed an agreement for the transfer of the marine service business, which included the move to Wärtsilä of the staff working in this area, and the transfer of customer information, know- how, use of brands, use of intellectual properties and spare parts stock. In the 2005 financial year, after deducting the expenses incurred in connection with the transaction, the sale results in an extraordinary income of more than EUR 60 million. Further information on DEUTZ AG is available at http://www.deutz.com Contact:Andrea Bleesen Tel.: +49 (0) 221 8 22-24 92 Fax: +49 (0) 221 8 22-21 16 Email: bleesen.a@deutz.com Deutz AG Deutz-Mülheimer Str. 147-149 51063 Köln Deutschland ISIN: DE0006305006 (SDAX); DE000A0BNUNO, DE000A0DMKV2 WKN: 630500; A0BNUN, A0DMKV Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 31.03.2005 311649 Mär 05