ArtStor AG
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Restructuring within the ArtStor Group – Sale of Nware GmbH
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Restructuring within the ArtStor Group – Sale of Nware GmbH
Hamburg – In the context of the current restructuring of the group, ArtStor AG
has decided to transfer its 51% holding in Nware GmbH, Wuppertal in Germany. An
agreement on the sale of the holding has been signed with the current Managing
Director of Nware GmbH.
This sale forms part of a consolidation strategy that is intended to produce
increased profitability for ArtStor AG. By selling off less profitable parts of
the business, among other things, the company is adapting the structure of the
Group to suit the present weak state of the economy. ArtStor bought the shares
in Nware in October 2000 so that it could hand over its PC business to the
notebook specialists. Because margins are shrinking still further in this
sector, ArtStor will in future be concentrating increasingly on the high-profit
project business in the market for storage solutions.
For further information: ArtStor AG, Peter Lassen (Group Manager, Finance and
Accounting) telephone: +49 (0)40 65727-585, fax: +49 (0)40 65727-421, e-mail
p.lassen@artstor.de, Internet: http://www.artstor.de
end of ad-hoc-announcement (c)DGAP 06.11.2001
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WKN: 549 286; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
060730 Nov 01
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