windeln.de SE - M&A Activity 2018

News Details

Ad-hoc | 20 July 2018 23:50

windeln.de SE: windeln.de sells Feedo to Czech distributor of baby & toddler products ags 92

windeln.de SE / Key word(s): Mergers & Acquisitions

windeln.de SE: windeln.de sells Feedo to Czech distributor of baby & toddler products ags 92

20-Jul-2018 / 23:50 CET/CEST

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

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

windeln.de sells Feedo to Czech distributor of baby & toddler products ags 92

Munich, Germany, July 20, 2018: windeln.de SE (“windeln.de” or “Group”) has signed an agreement regarding the sale of its Eastern European subsidiary Feedo Sp. z o.o. and its subsidiary (“Feedo”) to Czech wholesaler and retailer of baby and toddler products ags 92 s.r.o. (“ags”) today. The sale of Feedo is part of windeln.de’s extensive restructuring program to increase efficiency and profitability announced in February 2018, focusing the Group’s activities on core business. Through the divestiture of Feedo, windeln.de benefits from the deconsolidation of a loss-making subsidiary (Feedo’s adjusted EBIT in 2017 amounted to EUR -3.4 million), a headcount reduction by 74 active full-time equivalents and from a uniform, fully integrated technical infrastructure post divestiture. The transaction is expected to close in the course of 2018.

Contact:

Corporate Communications

Sophia Kursawe

Phone: +49 (89) 41 61 71 52 65

Email: [email protected]

20-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	windeln.de SE
	Hofmannstr.51
	81379 Munich
	Germany
Phone:	089 / 416 17 15-0
Fax:	089 / 416 17 15-11
E-mail:	[email protected]
Internet:	www.windeln.de
ISIN:	DE000WNDL110, DE000WNDL1J7
WKN:	WNDL11, WNDL1J
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange