With unanimous approval from the Supervisory Board, the management of CFC Industriebeteiligungen GmbH & Co. KGaA (ISIN: DE000A0LBKW6), Dortmund, has opted to concentrate on its core areas of Electronics and Home & Living. For the Fashion business segment, various options are currently being reviewed relating to CFC’s individual holdings in the area (delmod‐international, Hirsch and Rosner). 

For delmod in particular, a number of proposals from potential buyers are now being considered; closure is also a possibility. CFC expects the sale or closure of delmod to result in an IFRS deconsolidation loss on group level of approximately EUR ‐12 million (about EUR ‐9 million on German Commercial Code entity level). Overall, however, CFC has a net amount of only EUR 2.1 million invested in delmod, since already in 2008 CFC was able to make a partial exit through the sale of 49% of delmod’s shares. 

Marcus Linnepe, CFC Industriebeteiligungen’s CEO, views the decision as reasonable and necessary. Strict risk management, and the strength to limit losses, is an essential criterion of success especially for an industrial holding company like CFC, which specialises in corporate turn‐arounds. 

Overall, the remainder of CFC’s portfolio is continuing to provide stable performance in spite of the difficult economic situation. Management believes CFC will return to profitability in 2010.



CFC Industriebeteiligungen GmbH & Co. KGaA
Westfalendamm 9
D-44141 Dortmund

Dr. Frank J. Nellissen

Tel: + 49 (0) 231 222 40 502
E-Mail: fn@cfc.eu.com