Corporate | 29 April 2016 15:30

_wige MEDIA AG takes over a majority stake in the sport media group

DGAP-News: _wige MEDIA AG / Key word(s): Investment

2016-04-29 / 15:30
The issuer is solely responsible for the content of this announcement.

_wige MEDIA AG takes over a majority stake in the sport media group

Cologne, 29 April 2016. As announced, _wige MEDIA AG is taking over a majority holding in Munich-based sport media group which, with motorsport-total.com and formel1.de, is the market leader for motor sports portals in Germany, Austria and Switzerland. As agreed in November, _wige MEDIA AG, which already holds 16.7 %, has exercised its option to purchase and has increased its stake to 51 % in a first step. The takeover is expected to take effect on 30 September 2016. Over the course of the year, _wige intends to raise its participating interest by up to 85 %.

“With _wige content and the portal’s internationalisation, this investment combines digitalisation and internationalisation, yielding high earnings potential”, stated Peter Lauterbach, CEO of _wige MEDIA AG. In order to finance its growth, the company secured gross issuing proceeds of EUR 5 million from two capital increases. The capital increase also enables _wige to prefinance new large-scale projects and to forge ahead with promising social media projects.

About _wige MEDIA AG
As one of the world’s leading marketing and production companies in motor sport as well as in other areas of sport in Germany, _wige MEDIA AG produces the Formula1 races, the DTM German Touring Car Masters, the Handball Champions League, the ADAC Zurich 24-hour Race at the Nürburgring and German Football League games, as well as organising events and content for prestigious companies such as Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG. In the financial year 2016, the company anticipates revenues in a volume of at least EUR 70 million and EBITDA of at least EUR 4 million.

Contact:

Company:
_wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
www.wige.de
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: info@wige.de

Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: weitzel@kommunikation-bsk.de

2016-04-29 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	_wige MEDIA AG
	Am Coloneum 2
	50829 Köln
	Germany
Phone:	+49 (0)221 7 88 77 0
Fax:	+49 (0)221 7 88 77 199
E-mail:	info@wige.de
Internet:	www.wige.de
ISIN:	DE000A1EMG56
WKN:	A1EMG5
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart

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