MVV Energie AG

euro adhoc: MVV Energie AG
Mergers - Acquisitions - Takeovers
RheinEnergie AG to become strategic partner of MVV Energie AG

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Mannheim, 24 May 2007 - RheinEnergie AG to become strategic partner of MVV Energie AG

The Steering Committee of the City of Mannheim today resolved to recommend to the City Council that 16.1 % of the shares indirectly held in MVV Energie AG by the City of Mannheim be sold to RheinEnergie AG, Cologne, and that an agreement concerning the further strategic development of MVV Energie AG and permanently safeguarding the influence of the City of Mannheim on MVV Energie AG be concluded with RheinEnergie AG. The purchase price is expected to amount to around Euro 300 million.

At an extraordinary session to be held on 12 June 2007, the Mannheim City Council is scheduled to decide on the sale of shares to RheinEnergie AG.

The City of Mannheim currently indirectly owns around 66.20 % of the shares in MVV Energie AG via its shareholdings in MVV GmbH and MVV Verkehr AG.

Contact: MVV Energie AG Hilko Schomerus, Investor Relations Tel.:+49 (0)621 290-2567 E-Mail:

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ots Originaltext: MVV Energie AG
Im Internet recherchierbar:

Further inquiry note:
Frank Nagel
Tel.: +49(0)621 290-2692

Branche: Energy
ISIN:      DE000A0H52F5
WKN:        A0H52F5
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / official dealing

Weitere Meldungen: MVV Energie AG

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