Arcandor AG
Karstadt Quelle AG: Further progress in the divestment programme
Ad hoc announcement §15 WpHG
Further divestments
Karstadt Quelle AG: Further progress in the divestment programme
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Karstadt Quelle AG: Further progress in the divestment programme
Essen, 1 February 2005. The KarstadtQuelle Group is continuing its
restructuring programme in a rigorous fashion. In the context of further
portfolio disposals and divestments, the Group is to receive short-term cash
totalling EUR 37 million from the sale of interests in the sports television
channel, DSF, the online platform Sport1 and the TV channel Home Shopping
Europe.
KarstadtQuelle AG agreed with EM.TV AG, Unterföhring on the sale of the
KarstadtQuelle stake in the sports television channel, DSF, and the online
platform Sport1. The purchase price is EUR 27 million. The transaction is
subject to approval from the relevant antitrust authorities, the Commission
for Determining Concentration in the Media and the Bavarian State Office for
New Media.
Furthermore, KarstadtQuelle AG disposed of its 10% holding in the TV channel,
Home Shopping Europe. The purchaser is the Home Shopping Network, St.
Petersburg, USA. The purchase price is EUR 10 million.
Essen, 1.2.2005
The Management Board
KARSTADT QUELLE AG
Theodor-Althoff-Straße 2
45133 Essen
Deutschland
ISIN: DE0006275001
WKN: 627500
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 01.02.2005
012058 Feb 05
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