Marburg, December 29, 2008 – 3U HOLDING AG, which is listed on the Prime Standard at the Frankfurt Stock Exchange sold its subsidiary 3U TELECOM INC. within the framework of a Management Buyout. The parties involved agreed to maintain silence about the selling price.
Due to the sale of the subsidiary 3U HOLDING AG will generate an extraordinary income in the fourth quarter. 3U TELECOM INC. was reported as a held-for-sale company in previous financial reports and generated an earnings contribution totalling EUR 0.53 m in the first nine months of the current financial year.
“Through the sale of 3U TELECOM INC. we took another step forward in readjusting our investment portfolio. With liquid funds amounting to roughly EUR 35 m we have a maximum degree of latitude in the development of our investment business, which will be carried out shortly”, according to Oliver Zimmermann, CFO of 3U HOLDING AG.
Contact:
Peter Alex
Head of Investor Relations
3U HOLDING AG
Frauenbergstraße 31–33
35039 Marburg
Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-Mail: ir@3u.net