SPORTTOTAL AG
DGAP-Ad-hoc: _wige MEDIA AG / Key word(s): Disposal Ad-hoc announcement: Disclosure of insider information pursuant to Article 17 MAR _wige MEDIA AG sells participating interest in the sport media group Cologne, 31 July 2017. _wige MEDIA AG (in future: SPORTTOTAL AG) today signed agreements on the sale of its 51% stake in the Munich-based sport media group GmbH to Motorsport Network, LLC, Miami (Florida). _wige MEDIA AG generates proceeds of EUR 2.448 million from the disposal and a book profit of around EUR 600,000. With Motorsport-Total.com and Formel1.de, the sport media group is the market leader for motorsport portals in Germany, Austria and Switzerland. In selling sport media group GmbH, _wige MEDIA AG continues to concentrate on the rapidly scalable digital business with sporttotal.tv, venues (infrastructure projects for sports facilities) and live (selling of rights, live events, events and content marketing). Contact: Company: _wige MEDIA AG Am Coloneum 2 50829 Köln Germany www.wige.de Tel: +49 [0] 221_7 88 77_ 0 Fax: +49 [0] 221_7 88 77_ 199 Email: info@wige.de Investor Relations: BSK Becker+Schreiner Kommunikation GmbH Tobias M. Weitzel Tel.: +49 [0] 2154_ 81 22 16 Email: weitzel@kommunikation-bsk.de
31-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | _wige MEDIA AG |
| Am Coloneum 2 | |
| 50829 Köln | |
| Germany | |
| Phone: | +49 (0)221 7 88 77 0 |
| Fax: | +49 (0)221 7 88 77 199 |
| E-mail: | info@wige.de |
| Internet: | www.wige.de |
| ISIN: | DE000A1EMG56 |
| WKN: | A1EMG5 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
597239 31-Jul-2017 CET/CEST
