.
- Approval granted by cartel authority
- Further reduction of debt and risk
- Optimisation of investment portfolio to be continued
ARQUES Industries AG (ISIN DE0005156004) has closed the sale of the ICT distributor, Actebis, based in Soest. The closing of the contract took place with effect September 15, 2009 after the approval of the transaction by the competent cartel authorities. Hereby ARQUES will accrue the purchase price to the value of EUR 38.9 million. In addition, the buyer, Droege Capital GmbH, Dusseldorf, a subsidiary of Droege International Group AG, will indemnify ARQUES for still pending purchase price liabilities to the value of EUR 37.5 million. ARQUES will use the sales proceeds for the further reduction of debts.
With this sale, ARQUES Industries AG was able to arrange its Actebis commitment successfully, taking into consideration all ancillary expenses and financing costs of the transaction. ARQUES acquired Actebis at the end of September 2007.
"The sale of our subsidiary, Actebis, not only contributes to the significant reduction of our indebtedness. We have also succeeded in removing considerable risks from our balance sheet by way of the transaction. Hereby the ARQUES Group balance sheet total is reduced by a total of approximately EUR 500 million. ARQUES thereby consistently continues its consolidation course in order to return to a profitable growth course", said Hans Gisbert Ulmke, chairman of the ARQUES executive board.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of conglomerates regarding company spin-offs and a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol "AQU" (ISIN: DE0005156004) and are listed in the SDAX.
- Approval granted by cartel authority
- Further reduction of debt and risk
- Optimisation of investment portfolio to be continued
ARQUES Industries AG (ISIN DE0005156004) has closed the sale of the ICT distributor, Actebis, based in Soest. The closing of the contract took place with effect September 15, 2009 after the approval of the transaction by the competent cartel authorities. Hereby ARQUES will accrue the purchase price to the value of EUR 38.9 million. In addition, the buyer, Droege Capital GmbH, Dusseldorf, a subsidiary of Droege International Group AG, will indemnify ARQUES for still pending purchase price liabilities to the value of EUR 37.5 million. ARQUES will use the sales proceeds for the further reduction of debts.
With this sale, ARQUES Industries AG was able to arrange its Actebis commitment successfully, taking into consideration all ancillary expenses and financing costs of the transaction. ARQUES acquired Actebis at the end of September 2007.
"The sale of our subsidiary, Actebis, not only contributes to the significant reduction of our indebtedness. We have also succeeded in removing considerable risks from our balance sheet by way of the transaction. Hereby the ARQUES Group balance sheet total is reduced by a total of approximately EUR 500 million. ARQUES thereby consistently continues its consolidation course in order to return to a profitable growth course", said Hans Gisbert Ulmke, chairman of the ARQUES executive board.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of conglomerates regarding company spin-offs and a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol "AQU" (ISIN: DE0005156004) and are listed in the SDAX.
