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Ströer SE & Co. KGaA
ISIN:
DE0007493991
WKN:
749399
Land: Deutschland
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Primärmarkt: Deutschland
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EQS NID: 2065739
Levermann Score
10 Januar 2025 18:18PM
Ströer confirms discussions with interested parties regarding Ströer's core assets
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EQS-Ad-hoc: Ströer SE & Co. KGaA / Key word(s): Mergers & Acquisitions/Statement Cologne, January 10, 2025. We have noted recent market rumors regarding a potential sale of Ströer’s core assets. We confirm that we received indicative offers from private equity investors regarding a potential purchase of Ströer’s out of home advertising business and digital content business. The indicative offers have significantly exceeded Ströer’s current market capitalization. On such basis, we have been conducting open-ended discussions. No terms and conditions of a potential transaction, including the potential purchase price, have yet been agreed upon. Discussions are ongoing which may or may not result in a purchase agreement. Furthermore, the conclusion of such a purchase agreement would require the approval of Ströer’s General Meeting.
There has been no change in Ströer’s published strategy of value crystallization against the background of an increasing gap of market capitalisation and the intrinsic value of the business. Therefore, the management board remains focussed on identifying the optimum implementation mode for the strategy which also includes assessing unsolicited offers for the core business such as the ones recently received. We will inform shareholders regarding further developments as appropriate and in line with legal requirements. Contact: Press contact: Marc Sausen Ströer SE & Co. KGaA Director Corporate Communications Ströer-Allee 1 | D-50999 Cologne Telephone: +49 (0)2236 - 96 45-246 Fax: +49 (0)2236 - 96 45-6246 E-Mail: info@stroeer.de IR Contact: Christoph Löhrke Ströer SE & Co. KGaA Head of Investor & Credit Relations Ströer-Allee 1 | D-50999 Köln Telephone: +49 (0)2236 / 96 45-356 E-Mail: CLoehrke@stroeer.de End of Inside Information
10-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Ströer SE & Co. KGaA |
| Ströer Allee 1 | |
| 50999 Cologne | |
| Germany | |
| Phone: | +49 (0)2236.96 45 0 |
| Fax: | +49 (0)2236.96 45 299 |
| E-mail: | info@stroeer.de |
| Internet: | www.stroeer.com |
| ISIN: | DE0007493991 |
| WKN: | 749399 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2065739 |
| End of Announcement | EQS News Service |
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2065739 10-Jan-2025 CET/CEST
