Edel SE & Co. KGaA

M&A Activity • May 31, 2001

News Details

Ad-hoc | 31 May 2001 07:44

edel music AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– edel music AG sells its 12.1-percent stake in VIVA Hamburg-based edel music AG sold its 12.1 percent stake in VIVA AG, Cologne, which is subject to approval from the respective media authorities, to the investors group Die Initiatioren Drei Kapitalbeteiligungs KG, Cologne, consisting of the co-founders of VIVA Television, CEO Dieter Gorny, video directors Rudi Dolezal and Hannes Rossacher, as well as Helge Sasse, member of the supervisory board of VIVA. edel sold its share at a profit, having a significantly positive effect on second quarter 2001 earnings and reducing simultaneously liabilities to banks considerably. The Management Board Hamburg, 31. May 2001 Contact: Baerbel Tomas, Investor Relations, Tel: 040-89085225, Fax: 040- 89085310, Email: baerbel_tomas@edel.com end of ad hoc announcement (c) DGAP 31.05.2001 ——————————————————————————– WKN: 564951; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 310744 Mai 01