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caatoosee ag i.L.

euro adhoc: caatoosee ag
caatoosee ag retains investment in Asia (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Caatoosee ag will retain its 51% shareholding in PT Sigma Cipta
Caraka, located in Jakarta, Indonesia. The decision taken by the
Management Boards and Supervisory Boards of both companies comes in
response to the favourable development of the partnership between
caatoosee and Sigma. Recently, the partnership has benefited from
successful joint activities within the market-place as well as a
close strategic and synergy-producing form of cooperation aimed at
penetrating the Asian market. Caatoosee ag has identified
particularly lucrative growth opportunities in South-East Asia and
China, especially against the backdrop of the more stable economic
climate, as seen at present. Operating via Sigma, which is already
well established within the region,  caatoosee ag will be able to
gain a foothold in this market by offering its cutting-edge
information logistics solutions. The close partnership of both
companies is underlined by the fact that Prof. Dr. h.c. Lothar Späth,
Chairman of the Supervisory Board of caatoosee ag, will be taking
over as Chairman of the Supervisory Board at PT Sigma Cipta Caraka.
Toto Sugiri, Marina Budimann and Djarot Subiantoro are responsible
for managing the company's operating activities. Alongside caatoosee
ag, the International Finance Corporation IFC, Washington, - a member
of the World Bank Group and the largest multilateral source of loan
and equity financing for private sector projects in the developing
world - has a seven per cent stake in PT Sigma Cipta Caraka.
end of announcement        euro adhoc 25.02.2002

Further inquiry note:

caatoosee ag, Stefan Ahrens, Tel. + 49 (0) 7152 / 355-6000,
e-mail stefan.ahrens@caatoosee.com

Original-Content von: caatoosee ag i.L., übermittelt durch news aktuell

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