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Eckert & Ziegler: Court Confirms Mandatory Take-Over Bid for IBt

Berlin, January 20, 2010 - The Court of Appeal in Brussels has rejected Eckert & Ziegler's (ISIN DE0005659700) appeal against an injunction of Belgian financial regulator CBFA and confirmed the legitimacy of the requested mandatory take-over bid. It also asked Eckert & Ziegler to pay litigation cost in the amount of 20,186 EUR. The court decision is otherwise not expected to have material consequences for the current take-over bid, and will not affect, for example, the price or the valuation of IBt. Eckert & Ziegler had already voluntarily included the requests of the Belgian financial regulator into its offer. Since the verdict denies a material interest for the claim of Creafund, Eckert & Ziegler assumes that the decision will actually conclude all litigation related to the take-over bid.

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