A.S. Création Tapeten AG / Acquisition 18.12.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In an ad-hoc release dated November 14, 2008, A.S. Création Tapeten AG, Europes leading wallpaper manufacturer, already announced the planned takeover of two French wallpaper wholesalers. With effect from today, A.S. Création (France) S.A.S., Lyon/France, has acquired 75% of the shares in SCE - Société de conception et dédition S.A., Boves/France and 70% of the shares in MCF Investissements S.A., Ballancourt sur Essonne/France. Acquisition of the remaining shares has been agreed for the year 2011. The takeover agreement was signed in Neuilly sur Seine/France today. Consolidated sales of roughly EUR 43 million in 2007 make SCE and MCF the leading French wallpaper wholesalers. Between them, both companies employ about 90 people. France is the largest wallpaper market in Western Europe. A.S. Création is convinced that the customer structures of A.S. Création, SCE and MCF ideally complement each other. This means that the takeover will clearly strengthen A.S. Créations market position in France, while SCE and MCF will have access to the broad product range of A.S. Création. The companies will retain their own brand identities after the takeover. The shares in SCE and MCF were acquired at a price of EUR 15.7 million. A formula based on SCEs and MCFs operating results in 2008, 2009 and 2010 has been defined for the valuation of the remaining shares. From todays point of view, the price to be paid for the remaining shares in 2011 will amount to between EUR 5 and 7 million. The Managing Board believes that this investment is an important step to ensure a continued positive performance for A.S. Création. Gummersbach, December 18, 2008 A.S. Création Tapeten AG The Managing Board Contact: Maik Krämer Vorstand Finanzen Südstr. 47 D-51645 Gummersbach Telefon + 49 (0)22 61/542-387 Fax + 49 (0)22 61/542-304 E-Mail: m.kraemer@as-creation.de DGAP 18.12.2008 --------------------------------------------------------------------------- Language: English Issuer: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach Deutschland Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: investor@as-creation.de Internet: http://www.as-creation.de ISIN: DE0005079909 WKN: 507990 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: A.S. Création takes over the two leading French wallpaper wholesalers
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