SCOUT24 AG (FRA:DE000A12) Scout24 AG confirms press articles about sale of AutoScout24

Directive transparence : information réglementée

16/12/2019 14:16

DGAP-Ad-hoc: Scout24 AG / Key word(s): Mergers & Acquisitions
Scout24 AG confirms press articles about sale of AutoScout24

16-Dec-2019 / 14:16 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.

Scout24 AG confirms press articles that it is in advanced negotiations with a number of bidders, including the financial investor Hellman & Friedman, with regard to a sale of AutoScout24 which could be concluded within a short period of time. The purchase price offered by the bidder Hellman & Friedman significantly exceeds the amount of EUR 2.5bn stated in today's press coverage.

Neither the management board nor the supervisory board of Scout24 AG have granted the necessary approval to conclude such transaction.

Notifying person:

Ursula Querette 

Head of Investor Relations 

Tel.: +49 89 44456 3278 

E-Mail: ir@scout24.com 

16-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Scout24 AG
Bothestr. 11-15
81675 Munich
Phone: +49 89 44456 - 0
Fax: +49 89 44456 - 3000
E-mail: ir@scout24.com
Internet: www.scout24.com
ISIN: DE000A12DM80
Indices: MDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London
EQS News ID: 937233

End of Announcement DGAP News Service

937233  16-Dec-2019 CET/CEST