INDUS Holding AG

M&A Activity • Aug 24, 2004

News Details

Ad-hoc | 24 August 2004 14:48

INDUS Holding AG: MABEG sold in MBO

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MABEG sold in MBO Bergisch Gladbach, August 24, 2004 – The INDUS Holding AG sold its entire 100% stake in the Soest-based MABEG Kreuschner GmbH & Co. KG, Soest, in a management buy out (MBO) to the commercial manager, Stefan Lichte. Lichte, who has been employed at the company since 1982, will continue the restructuring measures initiated by INDUS for MABEG in a rigorous manner. In recent years, MABEG, a producer of signage systems and municipal furnishing started to post losses due to a strong decline in public-sector demand and fierce competition on price. In the 2003 financial year, the company generated sales of EUR 8.4 million. INDUS thus makes a further step in optimising its participation portfolio. Confidentiality was agreed on the level of the purchase price. The Board of Management end of ad-hoc-announcement (c)DGAP 24.08.2004 ——————————————————————————– WKN: 620010; ISIN: DE0006200108; Index: SDAX Listed: Geregelter Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart 241448 Aug 04