Arcandor AG

euro adhoc: Arcandor AG
Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG: Sale of real estate joint venture completed

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Essen/Germany, July 28, 2008. Arcandor AG, Essen, today has transferred its 49 percent stake in the property company Highstreet to the already known consortium consisting of RREEF Alternative Investments (a Deutsche Bank subsidiary), Pirelli Real Estate, Generali Real Estate Fund S. A. and Borletti Group. Despite a difficult market environment, this large real estate transaction has been successfully completed. The total value of the transaction consisting of the above mentioned sale of the Highstreet stake and a separate contractual agreement with the previous joint venture partner Whitehall amounts unchanged to about EUR 800 million.

The Management Board

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ots Originaltext: KarstadtQuelle AG
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Further inquiry note:
Detlef Neveling
Telefon: +49 (0) 201 727-9816

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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