Bastei Lübbe AG sells majority of Räder business segment

Bastei Lübbe AG  / Key word(s): Disposal

24.11.2016 17:39

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc disclosure in accordance with section 17 MAR

Bastei Lübbe AG sells majority of Räder business segment

Cologne, 24 November 2016. Bastei Lübbe AG has signed an agreement today to
dispose of the majority of the Räder business segment. There are specific
plans to invest 100% of the shares in Räder in a new limited liability
company (Gesellschaft mit beschränkter Haftung - GmbH) at year-end as part
of an asset deal.

Specifically, a sale and investment process in multiple stages is planned.
Räder GmbH, which will be based in Bochum, will initially be established
together with MBH Mamisch Beteiligungsholding GmbH. Bastei Lübbe AG will
hold a 20% stake in the new company, while MBH Mamisch Beteiligungsholding
will hold an 80% stake. The new company, Räder GmbH, will buy all trademark
rights and 100% of the assets in the Räder business segment from Bastei
Lübbe AG. The purchase price for this is EUR 14.1 million and Bastei Lübbe
AG has the corresponding proof of capital. MBH Mamisch Beteiligungsholding
GmbH, based in Grünwald, is privately held entirely by Mr Tarek Mamisch.

The Supervisory Board of Bastei Lübbe AG has already approved the disposal
plans. The agreement is subject to two suspensive conditions before
becoming effective.


24.11.2016 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:       investorrelations@luebbe.de
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 Announcement                             DGAP News-Service
 
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