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BOL Not Yet Ready For The Stock Exchange?

[Berlin] Bertelsmann does not intend to bring its virtual media and bookshop bol.com AG to IPO at the present time. Klaus Eierhoff, the executive board member responsible for multimedia business, announced this on Wednesday in G|tersloh. However, the extension and the internationalization of bol.com will continue with "undiminished strength".

Since the price fall on the Neuer Markt (the Nemax 50 Index has fallen 23 percent since mid March) there has not been according to Eierhoff "an ideal capital market climate for Internet stocks" which would sustain the continued strong growth of bol.com. This decision was made in agreement with consortial leading bank Dresdner Kleinwort Benson.