Loewe AG / Key word(s): Miscellaneous 16.01.2014 19:32 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Kronach - January 16, 2014 - A group of investors comprised of German family-business entrepreneurs and former Apple and Bang & Olufsen senior managers and the Executive Board of Loewe AG have today reached an agreement to acquire significant parts of Loewe by way of an asset deal. Thus, continuity of the Loewe traditional brand in German hands has been secured. Alongside the new corporate head office in Munich, the development centres in Kronach and Hanover, as well as central business functions at the main site in Kronach, will also remain in place. A strong focus on advanced home entertainment and digital lifestyle products as well as the expansion of the strategic partnership with Chinese technology supplier Hisense are part of the new owners' future strategy. The amount of the agreed purchase price was not disclosed. Following the transaction, Loewe AG shall be delisted and liquidated in due time. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contact (Loewe AG): Christoph Möller phone: +49 (0)221 80 10 87-87 email: cm@moeller-pr.de Contact (Acquirer): Ursula Querette, Stockheim Media GmbH phone: +49 (0)89 3090 5189 22 email: uq@stockheim-media.com 16.01.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Loewe AG Industriestrasse 11 96317 Kronach Germany Phone: +49 (0)9261 99-984 Fax: +49 (0)9261 99-994 E-mail: ir@loewe.de Internet: www.loewe.de ISIN: DE000A1X3W34 WKN: A1X3W3 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Loewe AG: Sale of significant parts of Loewe to German group of investors
| Source: EQS Group AG