M&A Activity • May 17, 2011
M&A Activity
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Corporate | 17 May 2011 10:25
Gigaset AG: Gigaset AG sells confectionary manufacturer, van Netten
Gigaset AG / Key word(s): Disposal
17.05.2011 / 10:25
Gigaset AG sells confectionery manufacturer, van Netten
Munich, 17 May 2011 – As part of its realignment, Gigaset AG sold the confectioners, van Netten to a strategic investor. Thus, Gigaset AG has disassociated itself from the last subsidiary that no longer belongs to the business model, telecommunications and accessories. Through the sale further risks could be deconsolidated and a positive result could be achieved. The parties agreed not to disclose the purchase price. Closing is the end of June 2011.
van Netten GmbH is a general supplier of innovative and fine quality candies. van Netten supplies large trade chains and discounters with trade brands and store brands. The product range includes fruit chews (sweet and sour coated), whipped sugar sweets, chocolate-covered jellies and creams, hard and soft candy, chocolates beans, as well as hard caramels.
Gigaset AG , Munich, is a worldwide operating company in the telecommunication and accessories sector. The company is a leading global producer of cordless phones and Europe's market leader in DECT phones. Internationally, the premium provider with 1,600 employees in more than 70 countries, is ranked in third place in its sector.
The Gigaset AG shares are traded in the TecDAX (Prime Standard) of the Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.
Further Informationen on the website: http://www. gigaset.ag
Contact:
Gigaset AG
Kerstin Diebenbusch
Investor Relations
Tel.: +49 (0)89 444456-937
E-Mail: [email protected]
End of Corporate News
17.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Gigaset AG |
| Hofmannstraße 61 | |
| 81379 München | |
| Deutschland | |
| Phone: | +49 89/255500-0 |
| Fax: | +49 89/255500-200 |
| E-mail: | [email protected] |
| Internet: | www.gigaset.com |
| ISIN: | DE0005156004 |
| WKN: | 515600 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 124965 17.05.2011 |
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