EOP Biodiesel AG
EOP Biodiesel AG closes ABID sale
EOP Biodiesel AG / Restructure of Company 23.12.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- EOP Biodiesel AG closes ABID sale All risks from the Austrian involvement have been cleaned up - Annual accounts for the financial year 2008/09 will be published on 14 January 2010 - AGM is scheduled for 23 February 2010 Pritzwalk 23 December 2009 - EOP Biodiesel AG has successfully closed the sale of its 61.5% stake in Austrian ABID Biotreibstoffe AG. The buyer is a financial investor, who specializes in restructuring of ailing industrial companies. Transaction price is EUR1, for which EOP will be exempted from its risks from its bank guarantees over EUR2.54m. EOP Biodiesel AG has already completely written off its investment in the financial year 2008/2009 as of 30 June 2009, which means that the current financial year is not negatively affected. 'With the sale of the ABID investment we got rid off a huge risk and we have achieved a further milestone in the restructuring of the company,' says CEO Jörg Jacob. Due to the subsequent formalities of the deal, the consolidated group accounts of EOP for the financial year 2008/2009 will be delayed. Publication of the complete annual report of the AG and the group will be published on 14 January 2010. The AGM for the financial year 2008/2009 is scheduled for 23 February 2010 in Pritzwalk. Media Contact: EOP Biodiesel AG Jörg Jacob Tel.: +49-33986-505-0 Fax: +49-33986-505-99 E-mail: jacob@eopag.de www.eopbiodieselag.de This announcement is neither an offer to buy nor an invitation to make an offer to purchase or subscribe to securities. No public offer of shares in EOP Biodiesel AG was made in connection with the open market launch of EOP shares on the Frankfurt Stock Exchange. This announcement does not constitute a share prospectus. It and the information that it contains are not intended for direct or indirect circulation to or within the United States of America, Canada, Australia or Japan. 23.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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