Scout24 AG / Key word(s): Takeover
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AutoScout24 Nederland B.V. acquires European AutoTrader B.V. from Sanoma
Media Netherlands B.V.
- Extension of leading market position in the Netherlands
- More than 150,000 listings
- One million unique visitors per month
Berlin / Munich, 1 February 2016 - AutoScout24 Nederland B.V., the operator
of the leading Dutch digital automotive classifieds platform AutoScout24.nl
and a subsidiary of Scout24 AG, signed an agreement today to acquire all
shares of the Dutch digital automotive classifieds portal European
AutoTrader B.V. from Sanoma Media Netherlands B.V. with an effective date
as of 1 January 2016. Closing took place immediately after signing. The
agreed purchase price amounts to 27.7 million Euro and is fully paid in
cash. Scout24 expects the leverage ratio of ordinary EBITDA to net debt to
remain below 4.0:1 after completion of the transaction. The transaction is
expected to be neutral with regards to the ordinary operating EBITDA margin
of the segment AutoScout24 in 2016.
European AutoTrader B.V. operates the digital automotive classifieds
website AutoTrader.nl in the Netherlands. With yearly revenues of more than
6 million Euros, over 4,000 professional car dealer customers, 150,000
listings and 1 million unique visitors per month, AutoTrader.nl has a
strong position in the Dutch market. With AutoScout24.nl, Scout24 already
operates the leading digital automotive classifieds website in the
Netherlands. Following the acquisition, Scout24 will extend its leading
market position even further.
Scout24 operates leading digital classifieds platforms in Germany and other
selected European countries. The main operations under the umbrella brand
Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24.
ImmobilienScout24 is the leading digital real estate classifieds platform
in Germany, based on consumer traffic and time spent as well as customer
numbers and listings. AutoScout24 is a leading automotive digital
classifieds platform in Europe, in terms of unique monthly visitors and
listings. Scout24's digital marketplaces are empowering people to realise
their property and car-owning dreams simply, efficiently and stress-free.
Further information is available at www.scout24.com.
Investor Relations contact
Vice President Investor Relations & Treasury
Tel.: +49 89 44456 3278
Tel.: +49 221 42075 23
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States. Any
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, (the "Securities Act"),
and may not be offered or sold in the United States absent registration or
pursuant to an available exemption from registration under the Securities
Act. Neither Scout24 nor any of its shareholders intends to register any
securities referred to herein in the United States.
Any offer will be made exclusively through and on the basis of a prospectus
that must be published in Germany as supplemented by additional information
related to the offer outside of Germany. No money, securities, or other
consideration is being solicited, and, if sent in response to the
information contained herein, will not be accepted.
This document does not constitute an offer document or an offer of
securities to the public in the U.K. to which section 85 of the Financial
Services and Markets Act 2000 of the U.K. applies and should not be
considered as a recommendation that any person should subscribe for or
purchase any securities as part of the Offer. This document is being
communicated only to (i) persons who are outside the U.K.; (ii) persons who
have professional experience in matters relating to investments falling
within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high
net worth companies, unincorporated associations and other bodies who fall
within article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "Relevant Persons"). Any person who is not a Relevant
Person must not act or rely on this communication or any of its contents.
Any investment or investment activity to which this communication relates
is available only to Relevant Persons and will be engaged in only with
Relevant Persons. This document should not be published, reproduced,
distributed or otherwise made available, in whole or in part, to any other
person without the prior consent of the Company.
Cautionary note regarding forward-looking statements:
This press release contains forward-looking statements. These statements
are based on the current views, expectations, assumptions and information
of the management of the Scout24 AG. Forward-looking statements shall not
be construed as a promise for the materialisation of future results and
developments and involve known and unknown risks and uncertainties. Actual
results, performance or events may differ materially from those described
in such statements due to, among other things, changes in the general
economic and competitive environment, risks associated with capital
markets, currency exchange rate fluctuations, changes in international and
national laws and regulations, in particular with respect to tax laws and
regulations, affecting the Scout24 AG, and other factors. The Company does
not assume any obligations to update any forward-looking statements.
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Company: Scout24 AG
Dingolfinger Str. 1 - 15
Phone: +49 89 44456 - 0
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
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