Deutsche Lufthansa AG / Key word(s): Disposal 22.10.2014 08:01 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. --------------------------------------------------------------------------- Deutsche Lufthansa AG intends the sale of the IT infrastructure division of Lufthansa Systems AG including the completion of an IT service agreement for the Lufthansa Group with the IBM Group at the same time. The final terms and conditions are still subject to negotiations. The future savings during the likely term of the agreement, which is to run for a period of seven years, will average some EUR 70 million annually. Restructuring charges and the purchase price will have a one-time negative impact of EUR 240 million (before taxes) in the 2014 financial year. This impact will not be recognized in the operating result, which is relevant for the financial guidance, but in the IFRS net result of the Lufthansa Group and the HGB (local GAAP) result of Deutsche Lufthansa AG. Closing of the agreement is in particular subject to the approval of the company's Supervisory Board. The closing of the transaction and thus the dissolution of the IT business segment is expected to take place at the end of the first quarter of 2015. 22.10.2014 The DGAP 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: Deutsche Lufthansa AG Von-Gablenz-StraÃe 2-6 50679 Köln Germany Phone: +49 (0)69 696 28002 Fax: +49 (0)69 696 90990 E-mail: investor.relations@dlh.de Internet: www.lufthansagroup.com/investor-relations ISIN: DE0008232125, DE0008232125 WKN: 823212 Indices: DAX Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Lufthansa AG: Restructuring and outsourcing of the Infrastructure division close to finalization
| Source: EQS Group AG