Bastei Lübbe : sells majority stake in game developer Daedalic Entertainment
May 19, 2020 at 06:10 am EDT
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DGAP-Ad-hoc: Bastei Lübbe AG / Key word(s): Strategic Company Decision/Disposal
Bastei Lübbe AG sells majority stake in game developer Daedalic Entertainment
19-May-2020 / 12:08 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.
Bastei Lübbe AG sells majority stake in game developer Daedalic Entertainment
Cologne, 20.05.2020. The listed public publisher Bastei Lübbe is selling a 41 percent share in the game developer and publisher Daedalic Entertainment in a management buy-out. The buyers are the managing founding partner Carsten Fichtelmann and the commercial director Stephan Harms. The sale will take place at the end of May and Bastei Lübbe will be deconsolidated in June. The parties have agreed not to disclose the purchase price. After the sale, Bastei Lübbe still holds a minority interest of 10 percent in Daedalic.
Contact Bastei Lübbe AG:
Barbara Fischer
Head of Press and Public Relations
Tel.: +49 (0)221 8200 2850
E-Mail: barbara.fischer@luebbe.de
Information and Explanation of the Issuer to this News:
About Bastei Lübbe AG:
Bastei Lübbe AG is a German publishing house with headquarters in Cologne specialised in the publication of books, audio books and e-books with fiction and popular science content. The company's core business also includes the periodically published puzzle magazines and novel magazines. With its total of twelve publishing houses and imprints, the Bastei Lübbe group of companies currently offers around 3,600 titles in the areas of fiction, non-fiction as well as books for children and young adults. In the growing segment of hardcover fiction books, the company has been one of the market leaders in Germany for many years. At the same time, Bastei Lübbe is an engine for innovation in the area of digital media and distribution channels, among other things by the production of thousands of audio and eBooks.
With annual sales of approx. EUR 95 million (financial year 2018/2019), Bastei Lübbe AG is one of the largest medium-sized publishing companies in Germany. The shares of the company have been listed in the Prime Standard segment on the Frankfurt stock exchange (GSIN A1X3YY, ISIN DE000A1X3YY0) since 2013. Further information is available at www.luebbe.com.
19-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Bastei Lübbe AG
Schanzenstraße 6 - 20
51063 Köln
Germany
Phone:
02 21 / 82 00 - 0
Fax:
02 21 / 82 00 - 1900
E-mail:
investorrelations@luebbe.de
Internet:
www.luebbe.de
ISIN:
DE000A1X3YY0
WKN:
A1X3YY
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Bastei Luebbe AG is a Germany-based company engaged in the media and publishing industry. The Company publishes books and digital content. The Company's publishing portfolio includes fiction and non-fiction books, as well as electronic books (e-books) and audio books. The Company breaks down its business activities into three segments: Books, Novel Booklets and Puzzle Magazines, and Digital. The Books segment comprises all print, audio and e-book products that can be considered books, including digital content. The Books segment sells products for various labels, mainly in hardcover, paperback, pocket book, audio (digital and physical) and e-book formats. The Novel Booklet and Puzzle Magazines segment includes physical novel booklets, including romantic and mystery fiction novels. The Digital segment comprises the Company's digital subsidiaries, including Daedalic Entertainment GmbH, a games developer and publisher.