28.05.2014
United Labels AG DE0005489561
DGAP-Adhoc: United Labels AG: United Labels acquires majority of joint venture
United Labels AG / Key word(s): Investment/Contract
28.05.2014 13:31
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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- Ownership interest raised from 50% to 90%
- Hello Kitty licence business to be expanded domestically and
internationally in the area of clothing
Münster, 28 May 2014 - United Labels AG (ISIN: DE 0005489561), a company
specialising in comicware sold under licence, has acquired a further 40%
interest in Open Mark United Labels GmbH, a successful 50/50 joint venture
in which the company had already been involved prior to this transaction.
The business model of this enterprise, which was established in 2011,
includes the manufacture of women's and girls' clothing under the Hello
Kitty licence, with products being marketed throughout Europe.
Given the complementary business model and opportunities for close
collaboration within the areas of purchasing, product development and
sales, the deal is expected to produce significant growth impetus for
United Labels AG.
The parties involved in the transaction have agreed not to disclose details
of the purchase price. The acquisition is not subject to conditions
precedent.
For further information about United Labels AG, please visit
www.unitedlabels.com or contact the following address:
United Labels AG
- Investor Relations -
Gildenstr. 6
D - 48157 Münster - Germany
Tel.: +49 (0) 251-3221-406
Fax: +49 (0) 251-3221-960
[email protected]
28.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: United Labels AG
Gildenstr. 6
48157 Münster
Germany
Phone: +49 (0)25 132 21-0
Fax: +49 (0)25 132 21-999
E-mail: [email protected]
Internet: www.unitedlabels.com
ISIN: DE0005489561
WKN: 548956
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
United Labels AG ISIN: DE0005489561 können Sie bei EQS abrufen
Medien (Dienstleistungen) , 548956 , ULC , XETR:ULC