DOUGLAS HOLDING AG confirms talks with financial investors

Against the background of recent press reports, Douglas Holding AG confirmed that "talks are being held between the company, members of the management board and the supervisory board of the company holding a significant stake in the company and several financial investors with respect to the potential acquisition of a substantial participation in the company, e.g. by way of a voluntary takeover offer."

So far, the financial investors have neither submitted binding offers nor have agreements on structure or financing of a potential transaction been reached. "It is therefore unclear if, and if so, when and in what form a transaction will take place," the company informed.