DGAP-Ad hoc: Bertelsmann AG english
Mittwoch, 06.09.2006 08:01 von DGAP
Ad hoc announcement §15 WpHG Agreement/Acquisition Bertelsmann Announces Agreement to Sell BMG Music Publishing Group to Vivendi Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ Gütersloh, September 6, 2006 – Bertelsmann announced today that it has signed a definitive agreement for the sale of BMG Music Publishing Group to Vivendi for an aggregate purchase price of €1.63 billion. The transaction has been approved by the Supervisory Boards of Bertelsmann and Vivendi. Bertelsmann expects to receive the funds prior to year-end 2006. The sale of BMG Music Publishing allows Bertelsmann to repay a significant portion of the €4.5 billion of debt raised to finance the repurchase of GBL’s 25 percent stake in Bertelsmann. This transaction underscores Bertelsmann’s continued commitment to the deleveraging strategy. BMG Music Publishing generated €371 million of revenue and €81 million of earnings before interest, taxes and depreciation and amortization (EBITDA) for the twelve months ended December 31, 2005. Bertelsmann expects that the sale will increase net income by approx. €1 billion. Bertelsmann AG, Carl-Bertelsmann-Str. 270, 33311 Gütersloh. ISIN DE0005229900, official trading in Frankfurt. ISIN DE0005229942, official trading in Frankfurt and Düsseldorf. Journalists please contact: Bertelsmann AG Andreas Grafemeyer Corporate Communications Phone.: +49 – 52 41 – 80 24 66 andreas.grafemeyer@bertelsmann.de Investors please contact: Bertelsmann AG Roger Schweitzer Corporate Treasury and Finance Phone: +49 – 5241 – 80 22 49 roger.schweitzer@bertelsmann.de (c)DGAP 06.09.2006 --------------------------------------------------------------------------- Language: English Issuer: Bertelsmann AG Carl-Bertelsmann-Straße 270 33311 Gütersloh Deutschland Phone: 05241/80-0 Fax: 05241/80-966 2 E-mail: info@bertelsmann.de WWW: www.bertelsmann.de ISIN: DE0005229900, DE0005229942 WKN: 522990, 522994 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, Stuttgart, München End of News DGAP News-Service ---------------------------------------------------------------------------