TAKKT AG: TAKKT completes planned real estate sale in the US

DGAP-News: TAKKT AG / Key word(s): Real Estate/Disposal

19.12.2018 / 18:00
The issuer is solely responsible for the content of this announcement.

TAKKT completes planned real estate sale in the US

Stuttgart, Germany, December 19, 2018. Last week, TAKKT has successfully completed the real estate sale in the US which was announced at the end of October. The agreed sales price amounted to USD 9.2 million. TAKKT generates a one-time income before taxes of USD 5.8 million as a result from this transaction.

The property sold is an office building that belonged to the former US subsidiary C&H. In the course of the sale of C&H at the beginning of 2015, the property initially remained with TAKKT and was prepared for later sale. At the beginning of October, TAKKT signed a purchase agreement with the potential buyer subject to a successful due diligence. Following completion of this due diligence, the contract has now become effective.

TAKKT is the leading B2B direct marketing specialist for business equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the subsidiaries comprises more than one million products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles and equipment for the food service industry, hotel market and retailers. The TAKKT Group has over 2,000 employees. The company is listed on the SDAX and Deutsche Börse Prime Standard.

Dr. Christian Warns Tel. +49 (0) 711 3465-8222
Giuseppe Palmieri Tel. +49 (0) 711 3465-8250
Email: investor@takkt.de

19.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Your Contact

Dr. Christian Warns
Dr. Christian Warns
Leiter Investor Relations
Tel: +49 711 3465-8222
Fax: +49 711 3465-8104
Giuseppe Palmieri
Giuseppe Palmieri
+49 711 3465-8250
+49 711 3465-898250