28.03.2018
Bastei Lübbe AG DE000A1X3YY0
DGAP-News: Bastei Lübbe AG sells 51% investment in book wholesaler BuchPartner GmbH
DGAP-News: Bastei Lübbe AG / Key word(s): Disposal
Bastei Lübbe AG sells 51% investment in book wholesaler BuchPartner GmbH
28.03.2018 / 13:10
The issuer is solely responsible for the content of this announcement.
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Press Release
Bastei Lübbe AG sells 51% investment in book wholesaler BuchPartner GmbH
Cologne, 28 March 2018. Bastei Lübbe AG (ISIN DE000A1X3YY0), which is listed
in the Prime Standard of the Frankfurt Stock Exchange, has signed an
agreement to dispose of the 51% investment in the book wholesaler
BuchPartner GmbH based in Darmstadt. The buyer is the Gellert family, who is
currently a 49% shareholder of BuchPartner GmbH. The Supervisory Board of
Bastei Lübbe AG has already approved the transaction. The disposal is
expected to be completed in the fourth quarter of the 2017/2018 financial
year. It was agreed not to disclose the purchase price.
Bastei Lübbe AG had made the investment in BuchPartner GmbH in April 2016.
Commenting on the reasons for the sale, Carel Halff, who has been the new
CEO of Bastei Lübbe since November 2017, states: "Unfortunately, the
strategic and economic expectations for this investment have not been met.
However, BuchPartner remains an important customer and distribution partner
of Bastei Lübbe. We are focussing on strengthening and expanding our core
business, the German language book publishers in the print, digital and
audio sectors."
About Bastei Lübbe AG:
Bastei Lübbe AG is an internationally active media group with headquarters
in Cologne. Its business activities primarily focus on the development and
licencing of contents which are sold worldwide in physical and digital
formats. The core business of the company in the book segment covers classic
publishing and periodically published puzzle magazines and novels. With its
total of twelve publishing houses and imprints, the company group currently
offers around 3,600 titles in the areas of fiction, non-fiction as well as
books for children and young adults. In the growing segment of hardcover
fiction books, the company has been the market leader in Germany for many
years. At the same time, Bastei Lübbe is an engine for innovation in the
area of digital media. Apart from the production of thousands of audio and
ebooks, the "digital" business unit also maintains participations in the
self-publishing platform "BookRix" and the renowned game publisher "Daedalic
Entertainment". The digital value-added chain of Bastei Lübbe AG is rounded
off through its participation in the online shop " beam-ebooks.de" as well
as the new and unique international entertainment platform "oolipo".
With annual sales of approx. 146 million euros (financial year 2016/2017),
Bastei Lübbe AG is one the largest medium-sized publishing companies in
Germany. The shares of the company have been listed in the Prime Standard
segment on the Frankfurt stock exchange (GSIN A1X3YY, ISIN DE000A1X3YY0)
since 2013. Further information is available at www.luebbe.de.
Contact Bastei Lübbe AG:
Barbara Fischer
Head of Press and Public Relations
Tel.: +49 (0)221 / 82 00 28 50
E-Mail: [email protected]
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28.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Bastei Lübbe AG
Schanzenstraße 6 - 20
51063 Köln
Germany
Phone: 02 21 / 82 00 - 0
Fax: 02 21 / 82 00 - 1900
E-mail: [email protected]
Internet: www.luebbe.de
ISIN: DE000A1X3YY0, DE000A1K0169
WKN: A1X3YY, A1K016
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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669731 28.03.2018
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