CURANUM AG

EANS-Adhoc: Curanum AG: Acquisition of six residential homes from GWA


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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12.07.2011

On today´s session Curanum AG´s supervisory board agreed to the take over of the
six residential homes from the Bremen based "Gesellschaft für Wohnen im Alter
(GWA)". The contract of purchase was signed on July 8th 2011 under reserve of
the consent of the supervisory board.
GWA group generated a total revenue of 21 million EUR, achieving a positive
result in 2010. The purchasing price amounts to about 9.2 million EUR. This
purchasing price rises by 300,000.00 EUR all-in to compensate for seller´s
expenses which incurred in connection with the transaction. Additionally the
cash funds defined and warranted by contract will be reimbursed to the seller.
The closing of the transaction is expected to occur on September 30th 2011.

Munich, July 12th 2011


Further inquiry note:
Caroline Lutz
Tel.: + 49 89 242065 17
E-Mail: caroline.lutz@curanum.de

end of announcement                               euro adhoc 
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issuer:      CURANUM AG
             Engelbertstraße 23-25
             D-81241 München
phone:       +49 (0)89 242065 60
FAX:         +49 (0) 89 242065 10
mail:     info@curanum.de
WWW:      http://www.curanum.de
sector:      Healthcare Providers
ISIN:        DE0005240709
indexes:     CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, regulated dealing: München 
language:   English
 

 

 



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