Ad-hoc | 14 December 2010 12:46
REALTECH AG / Key word(s): Disposal
14.12.2010 12:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Walldorf, December 14, 2010. On December 14, 2010, REALTECH AG has sold its
Italian subsidiary REALTECH Italia S.p.A, Agrate Brianza (Milan) as part of
a management-buy-out (MBO). REALTECH Italia will continue to operate under
its current name. The sale is related to the unsatisfactory earnings
situation at REALTECH Italia and thereby serves to improve the future
profitability of the REALTECH Group. Both parties have agreed not to
disclose the sale price.
As part of the MBO, REALTECH AG has concluded a trademark licensing and
cooperation agreement with REALTECH Italia. This regulates future close
collaboration and ensures that worldwide contractual obligations towards
customers and partners will be implemented and fulfilled with no
restrictions.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
investors@realtech.com
www.realtech.com
14.12.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: REALTECH AG
Industriestraße 39c
69190 Walldorf
Deutschland
Phone: +49 (0)6227 837-500
Fax: +49 (0)6227 837 9134
E-mail: investors@realtech.com
Internet: www.realtech.com
ISIN: DE0007008906
WKN: 700890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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