euro adhoc: Curanum AG
Mergers - Acquisitions - Takeovers
CURANUM signs LOI
on the acquisition of large-scale laundry facilities
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.12.2005
Munich headquartered CURANUM AG has signed a letter of intent (LOI) on the acquisition of a large-scale laundry company located in Kaisersesch near Koblenz. With the takeover, the company will have the opportunity to bundle all laundry services at a conveniently located, central site and offer all laundry services to the majority of CURANUM facilities from a single source. Given the generously dimensioned site that spreads out over some 7,800 square meters, and the option to acquire a neighboring plot of 2,200 square meters, CURANUM AG has the opportunity to set up the planned central logistics center at this location, thereby combining materials and laundry logistics in a cost efficient manner.
The acquisition of existing operations, including all machines and equipment, will cost around EUR 1.9 million, while additional investments of some EUR 1.2 million are planned for the laundry and logistics center. CURANUM AG will rent the building and the property. The savings potential generated by central laundry operations, the central logistics center and shared logistics is in the region of EUR 3 million over a 36 month period. After this, the management board expects savings of the same volume per ongoing operating year.
CURANUM AG is a Prime Standard listed operator of care facilities, and will also be listed on the SDAX Small-Cap-Index as of December 19, 2005. The corporation will be participating in the bidding for the sale of the company pflegen & wohnen Betriebs GmbH which is operating 12 care facilities in Hamburg.
Munich, December 6, 2005
The Management Board
end of announcement euro adhoc 06.12.2005 10:27:52
Further inquiry note:
Bernd Rothe
Tel.: +49 (0)89 242065-60
E-Mail: bernd.rothe@curanum.de
Branche: Healthcare Providers
ISIN: DE0005240709
WKN: 524070
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Bayerische Börse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Original content of: Korian GmbH, transmitted by news aktuell