Arcandor AG

euro adhoc: Arcandor AG
Strategic management decisions
Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG: 49% stake in real estate joint venture Highstreet sold

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Essen/Germany, March 19, 2008. Arcandor AG, Essen, has sold its 49% stake in the property company Highstreet. The sales agreement was signed today. The buyer is a consortium consisting of RREEF (a Deutsche Bank subsidiary), Pirelli Real Estate, Generali Real Estate Fund S. A. and Borletti Group. The sale is subject to the approval of the anti-trust authorities. The total value of the transaction consisting of the above sale of the Highstreet stake and a separate contractual agreement with the previous joint venture partner Whitehall is approximately EUR 800 million.

The Management Board

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ots Originaltext: KarstadtQuelle AG
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Further inquiry note:
Detlef Neveling
Head of Investor Relations
Phone: +49 (0)201 727 -98 17

Branche: Retail
ISIN:      DE0006275001
WKN:        627500
Index:    Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / regulated dealing
              Börse Hamburg / regulated dealing
              Börse Stuttgart / regulated dealing
              Börse Düsseldorf / regulated dealing
              Börse Hannover / regulated dealing
              Börse München / regulated dealing

Weitere Meldungen: Arcandor AG

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