Press releases

Munich, 18 February 2008

Primondo sells specialty mail order company Mode & Preis to AURELIUS
Already second sale of a Primondo subsidiary to AURELIUS

 

Munich-based publicly-listed industrial holding AURELIUS AG acquires Mode & Preis Versandhandels GmbH, Lörrach, and its subsidiaries in Slovakia, Slovenia, the Czech Republic, and Switzerland from Primondo GmbH, in which the mail order activities of publicly-listed Arcandor AG are held. Mode & Preis is a specialty mail order company focussing on competitively-priced fashion for women, men and kids as well as on home and garden products. In 2007 the company generated a turnover of approximately EUR 100m with about 100 employees.

 

Primondo sells the specialty mail order subsidiary as part of its strategic portfolio alignment to three growth segments: “Premium”, “Golden Ager” and “Communities”. As part of the regional re-alignment of the Primondo Group towards Russian and Eastern European markets, Primondo sold its subsidiary Quelle France to AURELIUS last year. „The fact that Primondo sells another subsidiary to AURELIUS after Quelle France demonstrates, that our „Good-Home-approach“ is highly appreciated, especially by large groups“, says Dr. Dirk Markus, CEO from AURELIUS. Sascha Bopp, CEO of the Primondo Specialty Group, confirms this statement: „We really appreciate that AURELIUS is again a buyer of one of our subsidiaries, not least because of the „Good-Home-approach“”.

 

Primondo is only one example for a large group selling a subsidiary to AURELIUS. In the past, multinationals such as Daimler, Sauer Danfoss, Douglas, RAG und Deutsche Post have sold companies to AURELIUS.

 

The acquisition of Mode & Preis is conditional to the approval of the Antitrust Authorities (“Bundeskartellamt”).

 

AURELIUS AG, Munich (www.aureliusinvest.com), acquires mid-sized companies and corporate spin-offs which are no longer part of the core business of the previous owner. AURELIUS acquires companies even when they are in difficult and complex situations and actively grows and develops them. Using its own specialized Task Force, AURELIUS increases the value of its investments to the benefit of all parties, with particular awareness given to its social responsibility. The shares of AURELIUS AG trade under code AR4 (ISIN: DE000A0JK2A8) on the Open Market of the Frankfurt Stock Exchange.

Contact

AURELIUS AG
Investor Relations & Corporate Communication
Ingo Middelmenne
phone. +49 (0)89.5447.99.0
investor(at)aureliusinvest.de