Volkswagen AG — M&A Activity 2006

Mar 9, 2006

News Details

Ad-hoc | 9 March 2006 15:27

Volkswagen AG: Volkswagen sells Europcar to Eurazeo

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Wolfsburg. The Board of Management of Volkswagen AG has decided to sell its 100%-owned subsidiary Europcar International S.A.S.U. to listed French investment company Eurazeo. The transaction has a total value of approximately 3.32 billion euros, comprising the purchase price for the equity of approximately 1.26 billion euros and the net debt of Europcar of approximately 2.06 billion euros. The sale requires approval by the Supervisory Board of Volkswagen AG as well as clearance from anti-trust authorities and should be completed by the end of 2nd quarter 2006. VOLKSWAGEN AG Brieffach 1970 38436 Wolfsburg Deutschland (c)DGAP 09.03.2006 ————————————————————————— language: English emitter: VOLKSWAGEN AG Brieffach 1970 38436 Wolfsburg Deutschland phone: +49 (0)5361 9 – 49840 fax: +49 (0)5361 9 – 30411 email: gillian.karran@volkswagen.de WWW: gillian.karran@volkswagen.de ISIN: DE0007664005 WKN: 766400 indexes: DAX, Euro Stoxx 50 stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Hannover, München, Hamburg, Düsseldorf, Luxembourg, SWX, Stuttgart; Terminbörse EUREX; Foreign Exchange(s) London, Tokyo End of News DGAP News-Service —————————————————————————