DGAP-Adhoc Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level
DGAP-Ad-hoc: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): Real Estate
AD-HOC RELEASE according to Art. 17 MAR
LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
- ISIN DE000519990 -
LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level
Munich, November 11, 2020 - Ludwig Beck Grundbesitz Haar GmbH, Munich, a 100% subsidiary of LUDWIG BECK AG, today entered into a contract for the sale of its property located in Haar by means of a sale and lease back transaction with transfer of benefits and burdens on December 31, 2020. Buyer is a real estate company based in the Munich area. The purchase price amounts to approximately 10 million €. The purchase price will generate an extraordinary income before taxes in the amount of approximately 4 million € for the LUDWIG BECK group.
This transaction is intended to strengthen the liquidity and earnings situation of the group in times of the COVID 19 pandemic.
LUDWIG BECK AG
t: +49 89 23691-745
f: +49 89 23691-600
11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
|Company:||Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG|
|Phone:||+49 (0)89 2 36 91-0|
|Fax:||+49 (0)89 2 36 91-600|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||1147495|
|End of Announcement||DGAP News Service|
1147495 11-Nov-2020 CET/CEST