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.

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