CMS Hasche Sigle advises KarstadtQuelle on the sale of shares in DSF and Sport1

As of 1 January 2005 the Munich media group EM.TV AG will assume KarstadtQuelle AG's 49.9 per cent shareholding in Sport Media Holding GmbH. Sport Media Holding holds 81.13 per cent of the shares in the Munich broadcasting station Deutsches Sportfernsehen (DSF) and the Sport1 internet service. In future EM.TV will have an indirect holding of 81.12 percent in DSF and Sport1. The purchase price is 27 million euros.
Dr Martin Bell and Dr Oliver Wolfgramm, partners from the Frankfurt office, advised KarstadtQuelle on the transaction which is still awaiting clearance from the competition authorities.


Advisors to KarstadtQuelle

CMS Hasche Sigle
Dr Martin Bell, partner, Frankfurt
Dr Oliver Wolfgramm, partner, Frankfurt

Advisor to EM.TV
In-house
Dr Lukas Alexander


Contact CMS Hasche Sigle:
Dr Martin Bell
Tel.: +49 (0) 69 / 71701-0
E-mail: Martin.Bell@cms-hs.com



Background
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry.

CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow, Prague and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com .

CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 1,900 lawyers and tax consultants and around 3,700 support staff we serve our clients at 56 commercial centres in 24 countries in and outside Europe.

Our offices in central and eastern Europe and China provide our clients with a stepping stone into some of the world's most important growth markets.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com .