EANS-Adhoc: Lycos Europe N.V. announces the disposal of its shopping business Pangora
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.
Haarlem / The Netherlands - LYCOS Europe N.V. ("LYCOS"; ISIN NL0000233195) today announces the disposal of its shopping business Pangora ("the Transaction").
Over the past months LYCOS, together with its advisors, has evaluated available different options for Pangora.
As a result of this review process, Pangora was sold to an affiliate of Become, Inc. The underlying Share Purchase Agreement has been signed today. The parties agreed that the purchase price will not be disclosed.
The transactions will close at the end of October.
Further inquiry note:
Investor Relations Manager
LYCOS Europe N.V.
Tel.: +49 (0)5241-80-71244
Index: Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
Euronext Paris / free trade
München / free trade