Ahlers AG

M&A Activity • May 31, 2006

News Details

Ad-hoc | 31 May 2006 20:13

Ahlers AG signs Sale and Purchase Agreement regarding the sale of eterna Mode AG

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ahlers AG signs Sale and Purchase Agreement regarding the sale of eterna Mode AG On 31 May 2006 the management board of Ahlers AG has signed a sale and purchase agreement regarding the sale of all shares in eterna Mode AG, Passau, to the investors of the Alpha Group. Based on a debt-free enterprise value the purchase price amounts to EUR 120 Million. The completion of the transaction is subject to the usual conditions, in particular subject to clearance by the competent cartel authorities. The objective of the sale of eterna Mode AG is to strengthen the brand presence of Ahlers AG in a sustainable manner and thus create the preconditions for further improvements of its brand portfolio. At the same time Ahlers AG will be enabled to make use of opportunities for the acquisition of new international brands in the men’s wear sector. Further information on the sale of eterna Mode AG can be gathered from a press release issued by Ahlers AG today under www.ahlers-ag.com. Herford, this 31 May 2006 The Management Board Ahlers AG Elverdisser Str. 313 32052 Herford (c)DGAP 31.05.2006 ————————————————————————— Language: English Issuer: Ahlers AG Elverdisser Straße 313 32052 Herford Deutschland Phone: +49 (0)5221 979-0 Fax: +49 (0)5221 725 38 email: ahlers-ag@ahlers-ag.com WWW: www.ahlers-ag.com ISIN: DE0005009708, DE0005009732 WKN: 500970, 500973 indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, München, Stuttgart End of News DGAP News-Service —————————————————————————