Ad-hoc | 8 April 2005 19:10
Deutsche Lufthansa: Take Over Bid for Amadeus Global Travel Distribution S.A.
Ad hoc announcement §15 WpHG
M&A
Deutsche Lufthansa: Take Over Bid for Amadeus Global Travel Distribution S.A.
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Ad hoc disclosure pursuant to section 15 of the German Securities Trading Act
(Wertpapierhandelsgesetz)
Lufthansa: Take Over Bid for Amadeus Global Travel Distribution, S.A.
(“Amadeus”)
Lufthansa will sell its equity share of 5.1% in Amadeus Global Travel
Distribution, S.A. to WAM Acquisition S.A. (“WAM”). Together with Air France,
Iberia as well as Amadelux Investment, S.A. Lufthansa is a shareholder of the
newly established company WAM.
Today, WAM has applied for the approval of a take over bid for 551,974,515
Class A Shares in Amadeus at a purchase price of 7.35 Euro per share at the
Spanish Securities Market Commission. The validity of the take over bid
requires the acceptance of at least 428,796,291 Class A Shares, corresponding
to 77.68 % of the Class A Shares.
The Airlines and Amadelux intend to delist Amadeus from the relevant stock
exchanges in case of a successful take over bid.
In case of a successful take over bid the referenced airlines will continue to
hold an indirect interest in Amadeus through WAM. Lufthansa will hold up to
11.7 % of the voting rights in WAM.
This transaction is likely to close during the 2. quarter of 2005. From this
transaction Lufthansa expects sales revenues of approximately 200 Mio. Euro,
approximately 100 Mio. Euro of which will be invested into the newly
established company WAM. Under this transaction it is expected to realize book
profits in the amount of approximately 170 Mio. Euro.
Antitrust approvals for the take over bid have been granted.
Deutsche Lufthansa AG
Investor Relations
60546 Frankfurt
Ulrike Schlosser, tel. +49 69 696-90997, fax +49 69 696-90990
Email: investor.relations@dlh.de
April 8, 2005
Deutsche Lufthansa AG
Von-Gablenz-Str. 2-6
50679 Köln
Deutschland
ISIN: DE0008232125 (DAX)
WKN: 823212
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München und Stuttgart; Eurex
End of ad hoc announcement (c)DGAP 08.04.2005
081910 Apr 05