Sanacorp Pharmaholding AG

euro adhoc: Sanacorp Pharmaholding AG
Mergers - Acquisitions - Takeovers / Sanacorp buys von der Linde Group

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 22.12.2008 The pharmaceutical wholesale company Sanacorp Pharmahandel GmbH ("Sanacorp GmbH"), which is an investment of Sanacorp Pharmaholding Aktiengesellschaft (ISIN: DE000763131) via its 50 percent interest in the Italian holding company Millennium S.p.A., has signed an agreement on the acquisition of von der Linde Group, Düsseldorf in the afternoon of 22 December 2008. The performance of the agreement, along with other terms and conditions, is still subject to the competition authorities´ approval. Sanacorp GmbH acquires from the family owners all shares in von der Linde GmbH & Co. Immobilienverwaltung KG, which in turn is sole shareholder of the operating company v.d. Linde Arzneimittel GmbH. This company distributes pharmaceutical products to pharmacies from its branches in Düsseldorf and Herne, generating sales revenue in the past financial year 2007/2008 of approximately EUR 890 million with a staff of 848. According to the sales and purchase agreement, Caesar und Loretz GmbH, which also belongs to Linde Group and produces basic pharmaceutical substances, is intended to be removed from the corporate group. Sanacorp GmbH, which generates revenue of approximately EUR 2.7 billion from 15 branches and anticipates net income of some EUR 12 million for 2008, will use this transaction to strengthen its presence in North Rhine-Westphalia. This acquisition is expected to generate earnings net of refinancing expenses as early as 2009; subsequently, the expected synergies are supposed to increase potential dividend payments by up to 25%. Sanacorp Pharmaholding Aktiengesellschaft The Management Board end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Sanacorp Pharmaholding AG Im Internet recherchierbar: Further inquiry note: Florian Meilinger Telefon: +49(089) 8581 239 E-Mail: Branche: Wholesale ISIN: DE0007163131 WKN: 716313 Index: CDAX, Classic All Share Börsen: Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse München / regulated dealing Börse Frankfurt / regulated dealing/general standard

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