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RNS - Correction of a release from 10/01/2025, 18:18 CET/CEST - Stroer confirms discussions with interested parties regarding Stroer's core assets

Company: Ströer SE & Co. KGaA Date: 2025-01-11 Language: English Register to download

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 News Details

Ad-hoc | 10 January 2025 20:21

#   

Correction of a release from 10/01/2025, 18:18 CET/CEST – Ströer confirms discussions with interested parties regarding Ströer’s core assets

Ströer SE & Co. KGaA / Key word(s): Mergers & Acquisitions/Statement  

Correction of a release from 10/01/2025, 18:18 CET/CEST – Ströer confirms discussions with interested parties regarding Ströer's core assets  

  

10-Jan-2025 / 20:21 CET/CEST  

Correction of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.  

The issuer is solely responsible for the content of this announcement.  

  

- - -

Cologne, January 10, 2025. We have noted recent market rumors regarding a potential sale of Ströer’s core assets. We confirm that we received indicative offers from private equity investors regarding a potential purchase of Ströer’s out of home advertising business and digital content business. The indicative offers have significantly exceeded Ströer’s current market capitalization. On such basis, we have been conducting open-ended discussions. No terms and conditions of a potential transaction, including the potential purchase price, have yet been agreed upon. Discussions are ongoing which may or may not result in a purchase agreement. Furthermore, the conclusion of such a purchase agreement would require the approval of Ströer’s General Meeting.

There has been no change in Ströer’s published strategy of value crystallization against the background of an increasing gap of market capitalisation and the intrinsic value of the business. Therefore, the management board remains focussed on identifying the optimum implementation mode for the strategy which also includes assessing unsolicited offers for the core business such as the ones recently received. *S* hould the current discussions lead to a transaction, Udo Müller would continue to hold an interest in the business unit and continue to manage it unchanged.  

  

We will keep our shareholders informed of further developments in an appropriate manner and in accordance with our legal obligations.  

Contact:  

Press contact:  

Marc Sausen  

Ströer SE & Co. KGaA  

Director Corporate Communications  

Ströer-Allee 1 | D-50999 Cologne  

Telephone: +49 (0)2236 – 96 45-246  

Fax: +49 (0)2236 – 96 45-6246  

E-Mail: info@stroeer.de

IR Contact:  

Christoph Löhrke  

Ströer SE & Co. KGaA  

Head of Investor & Credit Relations  

Ströer-Allee 1 | D-50999 Köln  

Telephone: +49 (0)2236 / 96 45-356  

E-Mail: CLoehrke@stroeer.de

  

  

End of Inside Information  

- - -

Information and Explanation of the Issuer to this announcement:  

  

  

- - -

10-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | Ströer SE & Co. KGaA |
|     | Ströer Allee 1 |
|     | 50999 Cologne |
|     | Germany |
| Phone: | +49 (0)2236.96 45 0 |
| Fax: | +49 (0)2236.96 45 299 |
| E-mail: | info@stroeer.de |
| Internet: | www.stroeer.com |
| ISIN: | DE0007493991 |
| WKN: | 749399 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2065787 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | EQS News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2065787&application_name=news&site_id=news_data)

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