Brief: Bastei Luebbe sells investment in Praesenta Promotion International GmbH

Bastei Luebbe AG

07/09/2015 14:41

Sept 7 (Reuters) - Bastei Luebbe AG  BST1.DE : 
    * Sells its 50 pct investment in Praesenta Promotion 
International GmbH to co-shareholder Thomas Herriger 
    * It was agreed not to disclose purchase price 
    * Sale of investment is expected to reduce earnings of 
Bastei Luebbe AG by around 1.3 million euros ($1.45 million) in 
current financial year 
    * This will not affect revenue or EBITDA targets for 
2015/2016 financial year 
 
Source text for Eikon:  ID:nEQbxfdj0a  
Further company coverage:  BST1.DE  
 
($1 = 0.8962 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))