All Stories
Follow
Subscribe to TTL Beteiligungs- und Grundbesitz-AG

TTL Beteiligungs- und Grundbesitz-AG

ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009> TTL increases its holding in BDI to 18.2% Cash capital increase of EUR 400,000

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
TTL increases its holding in BDI
to 18.2% Cash capital increase of EUR 400,000.
TTL Information Technology AG has exercised an option to increase
its stake in BDI Distributors Inc., Atlanta, USA. The share in BDI,
one of the leading IT sales and service companies is thus upped 5% to
18.2%. Since taking over the Laguna Corporation, BDI is now one of
the top-ranking Internet fulfillment companies in the USA. Sales of
USD 225 million and pre-tax earnings of USD 17 million are targeted
for 2000. An IPO is planned for the second half of 2000, designed to
progress further expansion.
The purchase price for the 18.2% holding amounts to a total of 20
million US dollars.
In this connection, TTL AG has decided to pursue a cash capital
increase of 400,000 euro from the capital approved at the AGM on
April 27, 2000 excluding the pre-emptive right. The new stocks will
be taken over by the Julius Bär investment company within the
framework of a portfolio managed by Julius Bär.
The corporations basic capital is thus upped to 4,950,000 euro.
End 
Internet: http://recherche.newsaktuell.de

Original content of: TTL Beteiligungs- und Grundbesitz-AG, transmitted by news aktuell

More stories: TTL Beteiligungs- und Grundbesitz-AG
More stories: TTL Beteiligungs- und Grundbesitz-AG