euro adhoc: Austrian Airlines AG
other
Exclusive negotiations underway with
best bidder for Airest
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.12.2005
Within the framework of the bidding process for the sale of Airest GmbH, the Board of Management of Austrian Airlines AG has decided to enter into exclusive negotiations with the SAVE Group from Italy. An extensive selection process was conducted together with the investment bank CA-IB, from which the SAVE Group emerged as the best bidder.
The assessment of the numerous attractive bids was conducted in accordance with financial and qualitative criteria, as well as taking into account the potential for future development of Airest. These exclusive negotiations to finalise the contractual details are expected to result in the transaction reaching a conclusion in the first quarter of 2006. Both companies have agreed that the transaction shall remain confidential until that point.
end of announcement euro adhoc 16.12.2005 07:30:29
Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231
Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3642
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing