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ARQUES Industries AG: FREP and ARQUES settle dispute
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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FREP and ARQUES settle dispute
March 22, 2006 – In a friendly and relaxed atmosphere a high-level
conference was held in Berlin on Monday, 20 March, 2006 between the
president of the FREP (Financial Reporting Enforcement Panel) Professor Dr.
Eberhard Scheffler and the chairman of the board of ARQUES Industries AG,
Dr. Dr. Peter Löw, in order to amicably settle differences of opinion.
Following was established:
1. ARQUES continues to accept the findings concerning the ARQUES financial
statements as of December 31, 2004 determined by the FREP in their audit.
Therefore the BAFIN ruling is binding for both parties.
2. In the above mentioned financial statements the principles of bargain
purchase accounting were appropriately adhered to by ARQUES. No further
aspect in the 2004 financial was determined by the FREP.
The parties will not take part in public evaluations and speculations in
this context. ‘We regard the published ruling of the BAFIN as final’, say
Professor Dr. Scheffler and Dr. Dr. Löw.
Thereafter general aspects regarding IFRS practice were discussed. In this
respect a more concentrated exchange of views was agreed upon for the
future. On April 27, 2006 Professor Dr. Scheffler and ARQUES CFO Dr.
Vorderwülbecke as well as other speakers will answer questions in
connection with the Enforcement procedure at a conference of the
Schmalenbach-Gesellschaft.
About ARQUES
ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on
the acquisition and the active restructuring of companies in transitional
situations, in order to develop these, with its own team and own resources,
to competitive enterprises with a positive yield. ARQUES revitalises its
subsidiaries’ potential for creating value for the benefit of all its
stakeholders, taking on the relevant social responsibility. ARQUES has made
a duty of identifying underestimated companies with reduced survivability
but with high appreciation potential, at the same time mastering complex
company structures and transitional situations. The shares of ARQUES
Industries AG are traded in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange under the symbol ‘AQU’ (ISIN: DE0005156004) and
are listed in the SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
(c)DGAP 22.03.2006
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language: English
emitter: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
phone: +49 (0)8151 651-0
fax: +49 (0)8151 651- 500
email: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
indexes: SDAX
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
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