029 Group SE

M&A Activity • Mar 23, 2004

News Details

Ad-hoc | 23 March 2004 19:11

SAP AG plans acquisition of up to 100 Percent of shares of SAP SI

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SAP AG plans acquisition of up to 100 Percent of shares of SAP SI DRESDEN, Germany, March 23, 2004. SAP AG, Walldorf, has just informed the Executive Management Board of SAP Systems Integration AG (SAP SI), Dresden, of their intent to submit a voluntary public tender offer to the shareholders of SAP SI against payment of an amount of Euro 20.40 per share, in addition to bid- ding documents concerning regulations and conditions still pending. SAP AG is therefore planning to increase its current share of SAP SI AG from approximately 70 percent to up to 100 percent. The Executive Board of SAP SI supports the pending transaction. For more information: Joachim Müller Chief Financial Officer, SAP SI AG +49 6251 708-1100 investor@sap-si.com end of ad-hoc-announcement (c)DGAP 23.03.2004 ——————————————————————————– WKN: 501111; ISIN: DE0005011118; Index: TecDAX, NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 231911 Mär 04