DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft sells 49% of Jahrhunderthalle - Purchase price of EUR 6.9 million to serve further growth


 
DEAG Deutsche Entertainment Aktiengesellschaft  / Key word(s): Disposal

07.03.2016 16:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Section 15 WpHG (German Securities Trading
Act)

DEAG sells 49% of Jahrhunderthalle - Purchase price of EUR 6.9 million to
serve further growth

Berlin, 07 March 2016 - DEAG Deutsche Entertainment Aktiengesellschaft
(DEAG), Berlin, (ISIN: DE000A0Z23G6) today sold its remaining 49% stake in
the Jahrhunderthalle, the popular event center located in Frankfurt am
Main. The purchase price is EUR 6.9 million.

Regardless of the sale, DEAG will continue to operate the Jahrhunderthalle
as a lessee until at least 2031.

DEAG continues to hold a stake of 50% in the development company which owns
the plots of land around the Jahrhunderthalle arena. DEAG still anticipates
that the cooperation with the joint venture partner - a professional real
estate investor - will lead to a value-creating and full development of the
entire area around the Jahrhunderthalle during the coming years. In the
event of a positive and successful development of the plots, an incremental
profit will be generated, which will exceed the carrying value many times
over.

This brings DEAG one step closer to its goal of focusing its core strategy
and creates the financial foundation for the company's further growth.

DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board

Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
E-Mail: [email protected]


07.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      DEAG Deutsche Entertainment Aktiengesellschaft
              Potsdamer Straße 58
              10785 Berlin
              Germany
Phone:        +49-30-810 75-0
Fax:          +49-30-810 75-519
E-mail:       [email protected]
Internet:     www.deag.de
ISIN:         DE000A0Z23G6
WKN:          A0Z23G
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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INVESTOR-INFORMATIONEN
©boersengefluester.de
DEAG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z23G 3,630 Kaufen 66,78
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,96 24,81 0,543 -30,00
KBV KCV KUV EV/EBITDA
9,52 4,01 0,42 6,396
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
Hauptversammlung
0,00 0,00 0,00 27.06.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2018 31.08.2018 30.11.2018 29.03.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,89% 17,70% 19,02% 47,80%
       

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