T-Online International AG
T-Online International AG acquires 100 percent of the shares in Scout24 AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Darmstadt, December 10, 2003 – The Supervisory Board of T-Online International
AG has today approved the conclusion of a company-purchase agreement with
Beisheim Holding Schweiz AG (BHS), a Swiss private equity company. The deal
calls for T-Online International AG to acquire 100 percent of the shares in
Scout24 AG from BHS. The acquisition will be completed once approval has been
received from the anti-trust authorities and two strategically irrelevant
companies for T-Online, MORGEN&MORGEN and GesundheitScout24, have been spun off
from Scout24 AG. Subject to agreed final adjustments, the purchase price will
total around Euro 180 million, including the transfer of a shareholder loan. The
amount will be paid in cash.
With Scout24 AG, T-Online International AG is acquiring all of its shares in the
following companies: AutoScout24, ImmobilienScout24, JobScout24,
FinanceScout24, FriendScout24, Scout24 Schweiz, and TopJobsScout24 Schweiz, plus
additional Scout24 brands. The Scout24 marketplaces are active in Germany,
Switzerland, and other European countries.
Thus T-Online is consistently pursuing the strategy of supplementing its value
creation in the portal buiness by adding successful, high potential online
marketplaces. Scout24 AG expects to book sales revenues of around Euro 70
million in 2004 and have a positive single digit million Euro EBITDA.
end of ad-hoc-announcement (c)DGAP 10.12.2003
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WKN: 555770; ISIN: DE0005557706; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Eurex
101909 Dez 03
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