Ströer SE acquires Interactive Media CCSP GmbH and the internet portal,raises guidance 2016 and plans conversion to a partnership limited by shares (KGaA)

Ströer SE / Key word(s): Acquisition/Capital Increase
13.08.2015 01:36

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On 13th August 2015, Ströer SE signed a purchase agreement with Deutsche Telekom AG on the complete take over of Interactive Media CCSP GmbH and the internet portal The transaction is valued at around EUR 300m. Deutsche Telekom AG will become a shareholder of Ströer and receive shares as part of a capital increase in return for a non-cash contribution from approved capital subject to the exclusion of subscription rights. Depending on the share price, the new shares will correspond to a holding of expected 11% to 13% in Ströer's increased capital stock. The transaction is due to be closed in the fourth quarter of 2015 subject to approval by the German Federal Cartel Office.

For the coming year, Ströer SE expects revenue of approximately EUR 1b and a triple-digit million figure for operational EBITDA in the Digital segment.

The board of management and supervisory board of Ströer SE intend proposing to the shareholder meeting that Ströer SE be converted to a partnership limited by shares (KGaA) in the near future.

Press contact: 
Marc Sausen
Ströer SE
Director Corporate Communications
Ströer-Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246

IR Contact: 
Dafne Sanac
Ströer Media SE
Manager Investor Relations 
Ströer-Allee 1 | D-50999 Cologne 
Phone: +49 (0)2236 / 96 45-356  
Fax: +49 (0)2236 / 96 45-6356  

13.08.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Ströer SE
              Ströer Allee 1
              50999 Köln
Phone:        +49 (0)2236.96 45 0
Fax:          +49 (0)2236.96 45 299
ISIN:         DE0007493991
WKN:          749399
Indices:      SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,               Stuttgart
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