Ad-hoc | 8 June 2005 12:24
Dürr AG:Dürr and Voith close contract for the sale of Premier
Ad hoc announcement §15 WpHG
Dürr and Voith close contract for the sale of Premier
Dürr AG:Dürr and Voith close contract for the sale of Premier
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stuttgart, June 8, 2005 – Dürr AG, Stuttgart, hereby communicates that the
contract concluded on March 15, 2005 with the Voith Group, based in
Heidenheim, covering the sale of Dürr’s Services division to Voith has been
closed.
Yesterday evening Voith was informed that an antitrust authority had approved
the deal, which had until this time be subject to such authorization being
forthcoming. The cash inflow from the sale as agreed upon has been realized.
Dürr is expecting a capital gain on the sale amounting to presumably more than
EUR 10 million that will be booked in the discontinued operations.
The Services division consists of the Premier Group, whose core corporation is
Premier Manufacturing Support Services Inc., located in Cincinnati, Ohio,
USA. In fiscal 2004, the Premier Group achieved sales of EUR 159 million and
generated EBT of EUR 8.1 million. The headcount comes to some 5,500 employees.
For follow-up questions please feel free to contact:
Dürr AG
Stephan Haas
Corporate Communications & Investor Relations
Tel.: +49 (0)711 136-1785
Fax: +49 (0)711 136-1034
E-Mail:corpcom@durr.com
Dürr AG
Otto-Dürr-Strasse 8
70435 Stuttgart – Zuffenhausen
Deutschland
ISIN: DE0005565204 (SDAX)
WKN: 556520
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Hannover
End of ad hoc announcement (c)DGAP 08.06.2005
081224 Jun 05