31.05.2016 18:40:21
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EANS-Adhoc: Kapsch TrafficCom AG / Purchase of Minority Stake in the Czech Kapsch Telematic Services spol. s r.o.
=------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers 31.05.2016
Vienna, May 31, 2016 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, informs that the remaining 48% of the shares on the Czech Kapsch Telematic Services spol. s r.o., Prague are being acquired via its subisidary Kapsch Telematic Services GmbH. Kapsch Telematic Services spol. s r.o., on which Kapsch TrafficCom AG currently holds via its subsidiary Kapsch Telematic Services GmbH 52% is the company which is responsible for the operations of the nationwide electronic toll collection system in the Czech Republic. The agreement is subject to the fulfillment of a condition precedent in the form of a required consent.
The release can be downloaded from http://www.kapsch.net/ktc/investor_relations/ announcements/ad-hoc-announcements/ktc_20160531_adhoc?lang=en-US
end of announcement euro adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
May 31, 2016 12:08 ET (16:08 GMT)- - 12 08 PM EDT 05-31-16

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