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The Fairchild Corporation to Take Over EUROBIKE Activities
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The Fairchild Corporation to Take Over EUROBIKE Activities
Düsseldorf, October 13, 2003 – Following intensive negotiations, The Fairchild
Corporation of Dulles/ Virginia has taken over the activities of the EUROBIKE
Group within the framework of an asset deal with retrospective effect as of
October 1, 2003. The deal includes the activities of POLO EXPRESSVERSAND
Gesellschaft für Motorradbekleidung und Sportswear mbH & Co. KG and Intersport
Fashions West, Inc.. The decision in favor of the American investor was taken
by a creditor committee together with Dr. Biner Bähr, the preliminary
insolvency administrator of EUROBIKE AG (WKN 570660, 540884) and of Hein
Gericke-Holding GmbH, Hein Gericke Vertriebs GmbH and Paul A. Boy GmbH. The
decision was based not only on a suitable purchasing price and a conclusive
strategic plan, but also on the assurances given that most of the jobs at Hein
Gericke would be retained on an ongoing basis. Given the comprehensive
agreement reached by all the parties involved, the entry of The Fairchild
Corporation means that the ongoing existence of the Group has now been
basically secured.
The Fairchild Corporation (www.fairchild.com) has been investing since the
early 1960s in companies which supply customers of the air and space travel
industries and which provide complex logistics services. In the retail sector,
Fairchild has invested in and operates a shopping center in Farmingdale, New
York. It plans to extend its portfolio in future to include investments in
various business areas and in se-lected international companies.
Contact:
EUROBIKE AG
Camilla Löwenberg
Reisholzer Werftstr. 76
D-40589 Düsseldorf
Tel +49 (0) 211 9898 774
Cellphone + 49 (0) 173 – 72 643 09
Fax: + 49 (0) 211 – 9898 636
E-mail: ir@eurobikeag.com
end of ad-hoc-announcement (c)DGAP 13.10.2003
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WKN: 570660; ISIN: DE0005706600; Index:
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
131208 Okt 03
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