euro adhoc: MVV Energie AG / Mergers - Acquisitions - Takeovers / RheinEnergie AG to become strategic partner of MVV Energie AG
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
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24.05.2007
Mannheim, 24 May 2007 - RheinEnergie AG to become strategic partner of MVV Energie AG
The Steering Committee of the City of Mannheim today resolved to recommend to the City Council that 16.1 % of the shares indirectly held in MVV Energie AG by the City of Mannheim be sold to RheinEnergie AG, Cologne, and that an agreement concerning the further strategic development of MVV Energie AG and permanently safeguarding the influence of the City of Mannheim on MVV Energie AG be concluded with RheinEnergie AG. The purchase price is expected to amount to around Euro 300 million.
At an extraordinary session to be held on 12 June 2007, the Mannheim City Council is scheduled to decide on the sale of shares to RheinEnergie AG.
The City of Mannheim currently indirectly owns around 66.20 % of the shares in MVV Energie AG via its shareholdings in MVV GmbH and MVV Verkehr AG.
Contact: MVV Energie AG Hilko Schomerus, Investor Relations Tel.:+49 (0)621 290-2567 E-Mail: ir@mvv.de www.mvv-investor.de
end of announcement euro adhoc 24.05.2007 19:59:23
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ots Originaltext: MVV Energie AG Im Internet recherchierbar: http://www.presseportal.de
Contact: Frank Nagel Tel.: +49(0)621 290-2692 e-mail. f.nagel@mvv.de
Branche: Energy ISIN: DE000A0H52F5 WKN: A0H52F5 Index: SDAX, CDAX, Classic All Share, Prime All Share Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / official dealing
