GRENKELEASING AG

ots Ad hoc-Service: GRENKELEASING AG GRENKELEASING AG stands to acquire Mauden SpA, Mailand.

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Baden-Baden (ots Ad hoc-Service) - GRENKELEASING AG, the market leader in Germany in the field of small-ticket IT leasing, and the shareholders of Mauden SpA Mailand have signed a letter of intent on the complete takeover of Mauden SpA by GRENKELEASING AG. According to its own statements, Mauden SpA achieved sales of 33.6bn lire (EUR 17.35m) in 1999 through brokerage, services, and the leasing of IT equipment in B2B business. The company employs 25 workers. Mauden SpA disposes of long-term contacts to key manufacturers and dealers of IT equipment in Italy and thus represents a platform for the entry of GRENKELEASING AG into the Italian Small- ticket IT leasing market which was previously only accessible via cross-border contracts. The signing of the purchase contract is anticipated before the end of the year. As of January next year, Mauden is to operate in the Italian market as a sub- sidiary company of GRENKELEASING AG with its focus on small-ticket IT leasing. This acquisition expands GRENKELEASING's market presence in Europe and thus brings the company another step closer to achieving its strategic objective of becoming the European market leader in the field of small-ticket IT leasing. The company has until now catered to the markets in Germany, France, Austria, and Switzerland. The Board of Management Contact Details: GRENKELEASING AG, Rheinstrasse 219, 76532 Baden-Baden Renate Hauss Phone: +49 (0) 7221/5007-204 Email: investor@grenke.de Internet: http://www.grenkeleasing.de End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: GRENKELEASING AG, übermittelt durch news aktuell

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