13.12.2018

Bastei Lübbe AG liquidates subsidiary oolipo AG

Cologne, 13/12/2018. Bastei Lübbe AG (ISIN DE000A1X3YY0), listed in the Prime Standard of the Frankfurt Stock Exchange, announces that the Extraordinary General Meeting of oolipo AG on 10/12/2018 accepted a resolution to liquidate oolipo. The streaming platform for reading content was launched in March 2017 and was a subsidiary of Bastei Lübbe AG. The software developed by oolipo will be sold to Omega-Alpha SA, Luxembourg. The parties have agreed not to disclose the amount of the purchase price.

Carel Halff, CEO of Bastei Lübbe AG: "The closure of oolipo and the sale of the software is part of the repositioning of Bastei Lübbe. We are focusing on our core business and consistently pushing ahead with portfolio streamlining."

About Bastei Lübbe AG:

Bastei Lübbe AG is a German general-interest publishing house based in Cologne, specialising in the publication of books, audio books and e-books with fiction and popular science content. The company's core business also includes periodically published puzzle magazines and novel magazines. With a total of twelve publishing houses and imprints, the group currently offers around 3,600 titles in the areas of fiction, non-fiction, as well as books for children and young adults. In the growing segment of hardcover fiction, the company has been one of the market leaders in Germany for many years. At the same time, Bastei Lübbe is an innovation driver in the field of digital media and exploitation channels, among other things through the production of thousands of audiobooks and eBooks. This also includes the stake in the renowned game publisher "Daedalic Entertainment".

With annual sales of approx.. 107 million euros (financial year 2017/2018), Bastei Lübbe AG is one of the largest medium-sized publishing companies in Germany. Since 2013, the company's shares have been listed in the Prime Standard of the Frankfurt Stock Exchange (WKN A1X3YY, ISIN DE000A1X3YY0). Further information is available at www.luebbe.de .

Contact Bastei Lübbe AG:
Barbara Fischer
Head of Press and Public Relations
Phone: 0221 / 82 00 28 50
E-mail: barbara.fischer@luebbe.de

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