EANS-Adhoc: Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG: chances of finding a new anchor investor extremely low
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.
12.08.2009
Essen/Germany, 12 August 2009. The Arcandor Management Board will end its search for a new anchor investor for Arcandor AG on 15 August 2009. Due to most recent developments and a difficult market environment the prospects for attracting an anchor investor allowing the Group to continue as a going concern are by now considered to be extremely low. The Management Board is now particularly focussing on finding investors for the Group's retail segments, Karstadt and Primondo.
The Management Board
end of announcement euro adhoc
Further inquiry note:
Detlef Neveling
Telefon: +49 (0) 201 727-9816
E-Mail: detlef.neveling@arcandor.com
Branche: Retail
ISIN: DE0006275001
WKN: 627500
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
Hannover / regulated dealing
München / regulated dealing