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SLEEPZ AG — M&A Activity 2007
Feb 5, 2007
5817_rns_2007-02-05_2a1859c4-903b-46bc-9407-4cd239c9530c.html
M&A Activity
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Corporate | 5 February 2007 08:30
bmp AG: bmp sells Internet Service S.A.
bmp AG / Miscellaneous
Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
bmp AG: bmp sells Internet Service S.A.
Berlin, 05.02.2007
bmp AG (ISIN DE0003304200) has successfully sold its shareholding in
Internet Service S.A., a Polish company which operates the automobile
internet portal 'mojeauto.pl', to Bankier.pl S.A.. The sale of this
shareholding, which was acquired only in October 2006, has generated 265%
of the funds thereby employed.
The acquisition of the shareholding in October was already undertaken
jointly with Bankier.pl S.A. In doing so, bmp exercised a pre-emption
option held as a result of an earlier shareholding owned by bmp/CEEV in
Internet Service S.A. in the years 2000-2003. This previous shareholding
was terminated at the time by means of an MBO. bmp’s objective was to
provide optimal support to the 'build and buy' strategy adopted by
Bankier.pl S.A. – which then still formed part of bmp’s portfolio – in the
interests of increasing the company’s scope of activity.
Following the conclusion of restructuring measures and the initiation of
various cooperation agreements, and especially in view of the initial
experience gained by the two companies from the cooperation, Bankier.pl
S.A. is exercising the takeover option for bmp’s shareholding at an earlier
point than expected. This option had been granted by bmp within the
framework of the acquisition of the joint shareholding. Once the
transaction with bmp has been completed, Bankier will hold around 90% of
the shares in Internet Service S.A. This company operates one of the
leading online automobile information resources and has approximately
350,000 unique users. The linking of the two companies and their respective
offerings creates significant added value for the user groups, enabling
automobile and financing products to be combined. 'We are pleased about the
successful transaction, as well as about the obvious added value for the
two companies,' commented Jens Spyrka, partner responsible at bmp AG.
About bmp AG:
As an internationally active private equity company, bmp directly invests
its own funds into venture capital shareholdings. The company is also
active as a fund manager on behalf of umbrella funds and as a private
equity advisor.
Since 1999, bmp has also invested in Poland, has a team on location and
since 2004 has maintained a parallel listing in the main segment of the
Warsaw Stock Exchange. The company has made a total of 10 investments in
Poland. Following the sale of its shareholdings in Bankier.pl S.A. and
Internet Service S.A. in January 2007, the portfolio currently includes K2
Internet S.A., Warsaw (interactive agency), ACR S.A., Warsaw (online media
house) and Nokaut Sp. z.o.o., Gdansk (price comparison platform).
For further information:
bmp AG
Corinna Riewe
Investor Relations
Schlüterstraße 38
10629 Berlin
Tel: 030-20 30 5-567
Fax: 030-20 30 55 55
E-mail: [email protected]
Internet: www.bmp.com
This issue of this Corporate News represents neither an offering nor a
request for the tendering of bids for the purchase of securities –
particularly not in the US and not in any countries or jurisdictions in
which offers, requests for the tendering of bids for purchases or for sales
would not be permitted without previous registration or approval in
accordance with the stipulations of the respectively applicable securities
regulations.
This issue of this Corporate News represents neither an offer for the sale
of individual proprietary shares nor a request for the submission of an
offer for the purchase of individual shares; it is intended solely for
information purposes.
DGAP 05.02.2007
Language: English
Issuer: bmp AG
Schlüterstraße 38
10629 Berlin Deutschland
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-532
E-mail: [email protected]
WWW: www.bmp.com
ISIN: DE0003304200
WKN: 330420
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf;
Foreign Exchange(s) Warschau
End of News DGAP News-Service