KarstadtQuelle AG

euro adhoc: KarstadtQuelle AG
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KarstadtQuelle AG: KarstadtQuelle announces EUR800 million offer for its 49% stake in real estate company Highstreet

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22.12.2006

Ad hoc notification in accordance with § 15 of the German Securities Trading Act

KarstadtQuelle AG: KarstadtQuelle announces EUR800 million offer for its 49% stake in real estate company Highstreet

Essen, December 22, 2006. The KarstadtQuelle Group has received an offer in the amount of EUR800 million for its 49% stake in the real estate company Highstreet. Highstreet is a joint venture of the real estate investment fund Whitehall (51% stake) and KarstadtQuelle AG (49% stake). The key assets of the real estate company are Karstadt’s department stores. This offer is attributable in particular to the significant improvement in the market position and credit rating of the main tenant, Karstadt, compared with the situation when the real estate transaction was concluded on March 27, 2006. Accordingly, the offer takes into account Karstadt’s potential to accept an increase in rents in future. The bidder has requested not to be named until the examination of the offer has been completed. If a corresponding agreement is signed, KarstadtQuelle intends to use the incoming funds in the amount of EUR800 million to acquire Lufthansa’s 50% stake in Thomas Cook.

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ots Originaltext: KarstadtQuelle AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Karstadt Quelle AG
Investor Relations
Tel. +49(0)201 727-9816
Fax: +49(0)201 727-9854
E-Mail: investors@karstadtquelle.com

Branche: Retail
ISIN:      DE0006275001
WKN:        627500
Index:    CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
              Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / official dealing
              Hamburger Wertpapierbörse / official dealing
              Baden-Württembergische Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Niedersächsische Börse zu Hannover / official dealing
              Bayerische Börse / official dealing



Weitere Meldungen: KarstadtQuelle AG

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