Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: other
Fraport AG Frankfurt Airport Services Worldwide is selling its subsidiary ICTS

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Sale of Subsidiary 28.02.2008 Fraport AG is selling its wholly-owned ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds. Under the contract signed today, a purchase price of EUR 100 million has been agreed, payable by the purchaser once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser. ICTS Europe Holdings B.V. has been a wholly-owned subsidiary of Fraport AG since 2002 and is now active at about 81 locations in 24 countries. With a staff of about 10,100, the company focuses its operating business on providing security control of passengers at various airports - excluding Frankfurt and Frankfurt-Hahn. For the year 2007, ICTS Europe Holdings B.V. reports revenues of about EUR 320 million. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Fraport AG Frankfurt Airport Services Worldwide Im Internet recherchierbar: Further inquiry note: Stefan J. Rüter Telefon: +49(0)69 690-74840 E-Mail: Branche: Transport ISIN: DE0005773303 WKN: 577330 Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse Hannover / free trade Börse München / free trade

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