TTL Beteiligungs- und Grundbesitz-AG
TTL Info. Technology AG english
TTL restructures its holding in BDI Laguna
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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TTL Information Technology AG restructures its holding in BDI Laguna
BDI Laguna has repurchased shares from the previous majority shareholders, the
Wertheimer family. The stock buyback is being financed by a load taken out by
BDI Laguna with the Bank of America. Within the framework of the contractual
agreement with the Wertheimer family, it was specified that the authority to
make decisions of crucial importance for the company is to be transferred from
the former majority shareholders to the other shareholders, with TTL
International AG having become the largest single shareholder in BDI Laguna as a
result of the above-mentioned transaction.
Finally, a legally binding agreement was signed by all shareholders to the
effect that TTL International AG can leave its holding (with the shareholders
agreement continuing in force) at a level of 20 %, and in return is to receive a
total of USD 7.9 million.
TTL Information Technology AG, Munich, is a vendor of integrated IT services
(WKN 750 100).
Munich, 16 January 2002
Shareholder Hotline: +49(0)89/381611-25
end of ad-hoc-announcement (c)DGAP 16.01.2002
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WKN: 750100; ISIN: DE0007501009; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München
160811 Jän 02
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