Press release BoxID: 143738 (Deufol SE)
  • Deufol SE
  • Johannes-Gutenberg-Str. 3-5
  • 65719 Hofheim am Taunus
  • Contact person
  • Rainer Monetha
  • +49 (6122) 501238

D.Logistics AG: Sale of Property

Inflow of Funds of about €8 million

(PresseBox) (Hofheim am Taunus, ) .
Sale of Property

On December 14th, 2007, D.Services Immobilien GmbH & Co. KG, Hofheim (Wallau), a 94.8% subsidiary of D. Logistics AG, sold a commercial property at a price of €8.0 million - with the expected economic effect on February 1st, 2008 -; the book value of the property in the consolidated financial statements will be at about €3.2 million at the end 2007.

At the same time, the property will be rented back by Dönne + Hellwig Logistics GmbH, Hofheim (Wallau), a 100% subsidiary of D.Logistics AG. As the transaction can not yet be finally valued according to IFRS, no statement about the effects on the consolidated financial statements according to IFRS can be made at the moment.

Cash flow / Further focussing on core businesses

Due to the transaction the D.Logistics Group will receive the almost entire purchase price as the property is unencumbered by external financing. This cash inflow nearly allows among others the further consequent focussing on the packing activities of the group of companies.

With the takeover of the 45% minority interest of the Deufol Tailleur group by mid 2007, who had acquired the Walpa group ( in April and the Logis group ( in December 2007, the expansion of industrial goods packing has already been driven forward. The ultimate ambition of D.Logistics AG is to expand with industrial goods packing - beyond the market leadership in Germany - into foreign markets.