Deutsche Lufthansa AG — M&A Activity 2002

Jul 5, 2002

News Details

Ad-hoc | 5 July 2002 12:25

Deutsche Lufthansa AG english

Lufthansa Cargo sells its stake in DHL to Deutsche Post World Net Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa Cargo AG is selling its 25 per cent stake in the DHL International delivery service to Deutsche Post World Net. The agreement has been approved by the Supervisory Board of Lufthansa AG. On conclusion of the contract and following approval by the cartel authorities, the shares will be transferred to Deutsche Post World Net. The purchase price is 550 million euros, plus a deferred payment of 60 million euros under a debtor-warrant agreement. Lufthansa will accumulate book profits of about 400 million euros in the current financial year from the sale of its minority shareholding in DHL. Deutsche Lufthansa AG, Investor Relations Ulrike Schlosser, Telephone: + 49 69 696 6470 or 90997, Fax: +49 69 696 90990 Email: investor.relations@dlh.de July 05 2002 end of ad-hoc-announcement (c)DGAP 05.07.2002 ——————————————————————————– WKN: 823212; ISIN: DE0008232125; Index: DAX Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; Eurex 051225 Jul 02