Jan 29 (Reuters) - SIXT SE:
* DGAP-ADHOC: SIXT SE: SIXT SE SIGNS CONTRACT ON THE SALE OF ITS DRIVENOW STAKE TO BMW GROUP
* SIGNED AN AGREEMENT WITH BMW GROUP ON SALE OF ITS ENTIRE STAKE IN JOINT VENTURE DRIVENOW TO BMW GROUP
* VALUE OF ALL SHARES IN JOINT VENTURE, WHICH WAS ESTABLISHED SEVEN YEARS AGO, WAS RATED AROUND EUR 420 MILLION
* A PURCHASE PRICE OF EUR 209 MILLION WAS AGREED UPON FOR ALL SHARES THAT SIXT SE HOLDS IN DRIVENOW
* WILL PRESUMABLY GENERATE EXTRAORDINARY PRE-TAX PROFIT OF AROUND EUR 200 MILLION AT GROUP LEVEL IN 2018
* APART FROM NON-RECURRING EARNINGS EFFECT, DOES NOT EXPECT ANY SIGNIFICANT IMPACT ON GROUP SALES OR EARNINGS
* PARTIES EXPECT TO RECEIVE APPROVALS OF ANTITRUST AUTHORITIES BY Q2 OF 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)