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

eqs_en 
0 0 11.11.20
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 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
[email protected]

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: [email protected]
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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Ludwig Beck A.rathauseck Stock

€22.00
-0.910%
The price for the Ludwig Beck A.rathauseck stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.910%).

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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