Ad-hoc | 16 July 2009 23:04
CFC Industriebeteiligungen GmbH & Co. KGaA / Strategic Company Decision
Release 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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CFC Industriebeteiligungen concentrates on its core areas of Electronics
and Home & Living
Dortmund, 16 July 2009
With unanimous approval from the Supervisory Board, the management of CFC
Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6), Dortmund, has
opted to concentrate on its core areas of Electronics and Home & Living.
For the Fashion business segment, various options are currently being
reviewed relating to CFC's individual holdings in the area
(delmod-international, Hirsch and Rosner).
For delmod in particular, a number of proposals from potential buyers are
now being considered; closure is also a possibility. CFC expects the sale
or closure of delmod to result in an IFRS deconsolidation loss on group
level of approximately EUR -12 million (about EUR -9 million on German
Commercial Code entity level). Overall, however, CFC has a net amount of
only EUR 2.1 million invested in delmod, since already in 2008 CFC was able
to make a partial exit through the sale of 49% of delmod's shares.
Marcus Linnepe, CFC Industriebeteiligungen's CEO, views the decision as
reasonable and necessary. Strict risk management, and the strength to limit
losses, is an essential criterion of success especially for an industrial
holding company like CFC, which specialises in corporate turn-arounds.
Overall, the remainder of CFC's portfolio is continuing to provide stable
performance in spite of the difficult economic situation. Management
believes CFC will return to profitability in 2010.
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Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 222 40 502
eMail: fn@cfc.eu.com
16.07.2009 Financial News transmitted by DGAP
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
44141 Dortmund
Deutschland
Phone: +49 (0)231-22240 500
Fax: +49 (0)231-22240 501
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin,
Düsseldorf, Stuttgart
End of News DGAP News-Service
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