Corporate | 29 December 2008 11:00
3U HOLDING AG / Disposal
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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3U HOLDING AG, which is listed on the Prime Standard at the Frankfurt Stock
Exchange sold its subsidiary 3U TELECOM INC. within the framework of a
Management Buyout. The parties involved agreed to maintain silence about
the selling price.
Due to the sale of the American subsidiary 3U HOLDING AG will generate an
extraordinary income in the fourth quarter. 3U TELECOM INC. was reported as
a held-for-sale company in previous financial reports and generated an
earnings contribution totalling EUR 0.53 m in the first nine months of the
current financial year.
'Through the sale of 3U TELECOM INC. we took another step forward in
readjusting our investment portfolio. With liquid funds amounting to
roughly EUR 35 m we have a maximum degree of latitude in the development of
our investment business, which will be carried out shortly', according to
Oliver Zimmermann, CFO of 3U HOLDING AG.
Peter Alex
Head of Investor Relations
3U HOLDING AG
Neue Kasseler Str. 62F
35039 Marburg
Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
Email: ir@3U.net
29.12.2008 Financial News transmitted by DGAP
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Language: English
Issuer: 3U HOLDING AG
Neue Kasseler Str. 62 F
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-0
Fax: +49 (0)6421/999-1111
E-mail: boerse@3u.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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