Wegener sells participating interest in ilocal

Koninklijke Wegener and local search engine ilocal are parting ways. The synergy both parties had originally envisaged has not been sufficiently realised.

In 2006, Koninklijke Wegener NV purchased 49% of the share capital of ilocal Holding BV from Yellow Bear Holding BV, in addition to a 17.5% minority interest in ilocal International BV.

Agreement has now been reached on the sale of both interests by Koninklijke Wegener NV to co‑shareholder Yellow Bear Holding NV.

Apeldoorn, The Netherlands, 28 October 2008

Management Board
Koninklijke Wegener NV

 


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