TA Triumph-Adler AG
TA Triumph-Adler AG english
Release in accordance with § 15 of the German Securities Trading Act (WpHG)
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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-TA profitably spins off French Majorette Group
-Purchase price of far more than 30 million EUR leads to great reduction of
Group debt
-Intention to spin off the remaining companies at TA Beteiligung strengthened in
2003
Nuremberg/Munich, 06/16/03
Triumph-Adler has spun off French consortium Majorette to Smoby S.A., itself
also based in France. Majorette had been part of the division TA Beteiligung.
The shares are expected to be transferred at the end of next month, provided
that the French anti-trust authority gives its consent. A purchase price of far
more than 30 million EUR was agreed, including the back-transferal of TA
lendings to Majorette. The purchase price corresponds to the expectations of the
TA management board. The net cash provided will reduce the Group’s debt
considerably. The management board has reaffirmed its aim of completing the
focus on the core business in 2003. After the final consolidation of the
Majorette Group, the share of the core business in Group sales will be far above
70 %. Triumph-Adler bought Majorette in 1996, and the brands “Majorette” and
“Solido” are among the most important European vendors of injection-mold
automobile models. In fiscal year 2002, Majorette posted turnover in the amount
of 61 million EUR with 860 employees.
Smoby S.A., a company listed on the stock exchange in Lyon and one of the
leading toy manufacturers in France, purchased Majorette. With its more than
1,400 employees, Smoby posted Group revenue of 227 million EUR in financial year
2002/2003.
Further details can be obtained from:
TA Triumph-Adler AG,Corporate Communication/IR,Phone: +49/89/641902-0,
Fax: +49/89/641902-90, Implerstr.11, D-81371 Munich, Germany
presse@triumph-adler.de, http://www.triumph-adler.de
end of ad-hoc-announcement (c)DGAP 16.06.2003
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WKN: 749500; ISIN: DE0007495004; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
162016 Jun 03
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