Kamps AG
Kamps AG english
Kamps AG Ad hoc July 15, 2003
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Düsseldorf 15 Juli 2003 Kamps AG has decided to have its subsidiary Kamps
(France) SAS exercise its call option for the remaining 51% shares in Harrys
SAS. The respective call option had been granted in the year 2000 in connection
with the acquisition of 49% of the shares in Harry SAS from Artal Holland B.V.
The closing of the transaction is contractually due at the end of December 2003.
Because the payment of the purchase price for the remaining 51% in Harrys SAS
would result in an inadequately high level of debt at Kamps AG, the purchase
will be financed through a loan to Kamps (France) SAS by Finbakery Netherlands
B.V., a company controlled by the ultimate majority shareholders of Kamps AG.
Furthermore, Kamps AG and Finbakery Netherlands B.V. have agreed on the granting
of respective put and call options for 100% of the shares in Kamps (France) SAS
and, as a result, for 100% in Harrys SAS. The put option is exersisable as of
end of December 2003. The agreed purchase price for the 49 % participation in
Harrys SAS already held by Kamps (France) SAS amounts to EUR 300,000,000. In
2000, Kamps AG paid EUR 254,000,000 for the 49% shareholding. The entire
proceeds of the sale can be used for a substantial reduction of the liabilities
of Kamps AG.
end of ad-hoc-announcement (c)DGAP 15.07.2003
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WKN: 628060; ISIN: DE0006280605; Index:
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (General Standard);
Freiverkehr in Hamburg, Hannover, München und Stuttgart
151832 Jul 03
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