DGAP-News: hotel.de AG: HRS acquires 61.6% stake in hotel.de
(firmenpresse) - DGAP-News: hotel.de AG / Key word(s): Merger
hotel.de AG: HRS acquires 61.6% stake in hotel.de
14.10.2011 / 08:17
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Nuremberg, 14 October 2011 - The founding shareholders in hotel.de AG have
sold their shares in hotel.de AG, totalling 61.6%, to HRS Hotel Reservation
Service GmbH, Cologne.
This combination should strengthen the two companies' market position in an
increasingly competitive market climate and generate substantial synergies.
Dr. Heinz Raufer, CEO of hotel.de AG: 'This combination comes at exactly
the right time, will boost hotel.de's position in the global hotel portal
business and provides us with a superb basis for our further development.'
This partnership will also benefit booking customers, who will obtain even
better prices and availability levels in future due to the sharp rise in
reservation volumes, as well as being able to select their desired hotel
from an even greater range of hotels worldwide. The hotels under contract,
on the other hand, stand to benefit from further growth in booking volumes
by corporate and private customers.
hotel.de AG will continue to be managed by its existing management team as
a standalone company at its existing locations and will, as planned,
maintain its expansion with its hotel.de brand in Germany and hotel.info
brand abroad.
Dr. Stefan Morschheuser, Supervisory Board Chairman of hotel.de AG: 'The
Supervisory board of hotel.de is looking forward to the strategic alliance.
Our brand will increase its awareness and our hotel and booking customers
will gain several advantages by taking this step.'
HRS this morning announced its control over hotel.de AG pursuant to§35 of
the German Securities Takeover Act (WpÜG). Further information can be found
at:
http://www.dgap.de/news/wpueg/kontrollerwerb-zielgesellschaft-hotelde-ag_3
73529_690986.htm.
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and
private customers at its www.hotel.de and www.hotel.info addresses.
Available in 37 languages, these websites enable customers to book
accommodation at more than 210,000 hotels in all categories easily, quickly
and at optimal prices. More than 4 million private and business customers
from all around the world now place their trust in this service to book
hotels. When selecting their hotel they can refer to more than 1.5 million
personal hotel evaluations. Well-known companies such as BASF, SAP AG,
Texas Instruments , Ernst&Young AG and many more use hotel.de's corporate
application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and
sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy
(Rome), China (Shanghai) and Singapore. The company was founded in 2001 and
was publicly listed in October 2006. In 2010, the company mediated
reservation volumes in excess of Euro 390 million.
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Press contact:
hotel.de AG
Aleksander Szumilas
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0)911 59832-0
Fax: +49 (0)911 59832-11
E-mail: presse(at)hotel.de
www.hotel.de
Haubrok Investor Relations GmbH&Co. KG
Dorothea Schneider
Tel: +49 (0)89 21027-520
Fax: +49 (0)89 21027-598
E-mail: D.Schneider(at)haubrok.de
www.haubrok.de
End of Corporate News
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14.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: hotel.de AG
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Germany
Phone: +49 (0)911 59832 2600
Fax: +49 (0)911 5983 211
E-mail: szumilas(at)hotel.de
Internet: www.hotel.de
ISIN: DE0006910938
WKN: 691093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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