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    DGAP-Adhoc  114  0 Kommentare 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
    Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level

    11-Nov-2020 / 20:12 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    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.

    Investor Relations:
    LUDWIG BECK AG
    Andre Deubel
    t: +49 89 23691-745
    f: +49 89 23691-600
    andre.deubel@ludwigbeck.de

    11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de

    Language: English
    Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
    Marienplatz 11
    80331 München
    Germany
    Phone: +49 (0)89 2 36 91-0
    Fax: +49 (0)89 2 36 91-600
    E-mail: info@ludwigbeck.de
    Internet: www.ludwigbeck.de
    ISIN: DE0005199905
    WKN: 519990
    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

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    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 Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Sale of a property leads to extraordinary income at group level 11-Nov-2020 / 20:12 CET/CEST Disclosure of …