COR&FJA AG / Key word(s): Disposal 14.11.2013 16:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- COR&FJA AG to sell COR&FJA Banking Solutions GmbH (Leinfelden-Echterdingen, 14 November 2013) - Today, COR&FJA AG signed a contract of purchase and sale with the French company Sopra Banking Software S.A., a subsidiary of the Sopra Group S.A. (NYSE Euronext Paris, ISIN: FR0000050809), Paris, concerning the sale of all of the shares in COR&FJA Banking Solutions GmbH, a subsidiary of COR&FJA AG. The company's Banking segment has been operating within COR&FJA Banking Solutions GmbH since an internal restructuring process in the summer of 2013. The only area exempted from this restructuring and sale is the Banking segment at plenum AG, a subsidiary of COR&FJA AG. This segment is going to remain within plenum AG. The transfer of the shares in COR&FJA Banking Solutions GmbH to Sopra Banking Software S.A. is subject to various conditions precedent. The purchase price for the shares specified in the contract is 13.0 million euros. In the last financial year of 2012, the part of the Banking segment that was transferred to COR&FJA Banking Solutions GmbH contributed almost 23.3 million euros to the COR&FJA Group's aggregate turnover of 136.7 million euros. The sale will bring about the deconsolidation of COR&FJA Banking Solutions GmbH. Presumably, this will not take place during the 2013 financial year. It is therefore not currently possible to make a statement about the COR&FJA Group's specific turnover development or the development of its earnings before interest, taxes, depreciation and amortisation (EBITDA) in the financial year 2014. Issuing party: COR&FJA AG Investor Relations HumboldtstraÃ?e 35, 70771 Leinfelden-Echterdingen Tel. +49 711 94958-0 E-mail: investor.relationsâ??@â??cor.â??fja.com Internet: www.cor.fja.com WKN 513010, ISIN DE0005130108 Stock exchange centres: regulated market in Frankfurt (Prime Standard); open market in Berlin, Düsseldorf, Hamburg, Stuttgart 14.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: COR&FJA AG HumboldtstraÃ?e 35 70771 Leinfelden-Echterdingen Germany Phone: +49 (0)711 94958-0 Fax: +49 (0)711 94958-49 E-mail: investor.relations@cor.fja.com Internet: www.cor.fja.com ISIN: DE0005130108 WKN: 513010 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: COR&FJA AG: COR&FJA AG to sell COR&FJA Banking
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