Phoenix AG
Phoenix AG: Phoenix AG sells Vibracoustic stake to Freudenberg
Ad hoc announcement §15 WpHG
Sale
Phoenix AG: Phoenix AG sells Vibracoustic stake to Freudenberg
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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On December 29, 2004, Phoenix AG sold its stake in the former joint venture
Vibracoustic to Freudenberg & Co. KG, Weinheim. Moreover, Freudenberg acquired
the commercial vehicle air spring business for OEM/OES clients of Phoenix.
Through the sales, a commitment of Continental AG to the European Commission
will be accomplished. The European Commission had expressed concerns that
Continental combined with Phoenix, would reach a dominant position in certain
market segments. Thus, Continental agreed, among other things, to sell
Phoenix’s stake in Vibracoustic and Phoenix’s commercial vehicle air spring
business (OEM/OES).
Phoenix AG
Hannoversche Straße 88
21079 Hamburg
Deutschland
ISIN: DE0006031008
WKN: 603100
Listed: Frankfurt; Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt
(Prime Standard), Hamburg und München; Freiverkehr in Stuttgart
End of ad hoc announcement (c)DGAP 30.12.2004
301132 Dez 04
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