WIGE MEDIA AG / Miscellaneous
27.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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WIGE MEDIA AG, ISIN: DE0006347701 Sale of subsidiary HD SIGNS GmbH completed Synergy and return targets in the Group still being rigorously
pursued.
Cologne, Germany, 27 February 2008: WIGE MEDIA AG (German Securities Code
Number (WKN): 634770) today announces the sale of its subsidiary HD SIGNS
GmbH. The 70% share held by WIGE MEDIA AG is being taken over retroactively
to 31 December 2007 by the partner, which until now has held a 30% stake.
The decision to sell the company was taken in view of the Groups synergy
and return targets. The parties agreed to maintain secrecy regarding the
purchase price. The simplified structure will further promote the existing
strategic target of offering key Group services under the uniform umbrella
brand WIGE MEDIA.
The Executive Board
About WIGE MEDIA AG:
WIGE MEDIA AG is a globally active media service company and provides
services and solutions along the value chain for TV and film productions.
The business segments of the leading full service provider for sports and
event productions include Outside Broadcasts, TV & Film Production, Post
Production, TV Marketing, Rental Services, Data and Results Services,
Events & Incentives and last but not least comprehensive Media Consultancy
Services. Thanks to this extensive portfolio of services, the Company,
founded in 1978, can guarantee its unique position in Germany and Europe.
The Company has been headquartered in Cologne and listed on the stock
market since 2000.
Company contact:
WIGE MEDIA AG
Am Coloneum 2
50829 Köln
www.wige.de
Tel: +49 [0] 221_7 88 77_ 140
Fax: +49 [0] 221_7 88 77_ 189
info@wige.de
Agency contact :
GFEI mbH
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel : +49 [0] 69_74 30 37_00
Fax: +49 [0] 69_74 30 37_22
wige-media@gfei.de
DGAP 27.02.2008
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Language: English
Issuer: WIGE MEDIA AG
Am Coloneum 2
50829 Köln
Deutschland
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@wige.de
Internet: www.wige.de
ISIN: DE0006347701
WKN: 634770
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: WIGE MEDIA AG:
| Source: EQS Group AG