Beiersdorf AG

M&A Activity • Oct 2, 2007

News Details

Ad-hoc | 2 October 2007 12:12

Beiersdorf AG: Beiersdorf signs Share Purchase Agreement on C-BONS Hair Care

Beiersdorf Aktiengesellschaft / Contract/Acquisition

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Beiersdorf signs Share Purchase Agreement on C-BONS Hair Care

Beiersdorf Aktiengesellschaft, Hamburg, today entered through its Austrian
100% affiliate, Beiersdorf CEE Holding GmbH ('Beiersdorf'), into a share
purchase agreement with C-BONS Holding (International) Limited ('C-BONS'),
a Hong Kong company, and Global Source Investments Limited ('Global
Source'), a British Virgin Islands company, to acquire 85% of the shares in
Peak Victory Group Limited that holds the C-BONS hair care businesses in
China ('C-BONS Hair Care'). The purchase price for such 85% is based on an
enterprise value (debt- and cash-free) of 317 million Euro for 100% of
C-BONS Hair Care and amounts to 269.45 million Euro, subject to customary
adjustments. Global Source will continue to hold an equity stake of 15% in
the business for an interim period of at least two years after closing.
Beiersdorf and Global Source will each have options to acquire or sell,
respectively, the remaining 15% for a minimum price of 47.55 million Euro
and subject to increase based on future performance of C-BONS Hair Care.
The closing of the transaction is subject to customary closing conditions
and is expected before the end of 2007.

C-BONS is a Hong Kong company with businesses across various industries
including personal care, real estate, pharmaceutical and other areas. C
BONS Hair Care offers a wide range of shampooing, conditioning and hair
styling products with strong and well-known brands in China such as SLEK
and Maestro. C-BONS Hair Care is one of the leading players in the Chinese
hair care market with a well-developed distribution network in China.

This acquisition is part of the implementation of Beiersdorf’s Consumer
Business Strategy to accelerate regional growth in China, which is one of
Beiersdorf’s four priority countries.

Contact:
Presse & Public Relations
Claas Sandrock
Tel.: +49 (40) 4909 3077
Fax: +49 (40) 4909 2516

Investor Relations
Tel.: +49 (40) 4909 5000
Fax: +49 (40) 4909 18 5000

02.10.2007 Financial News transmitted by DGAP

Language: English
Issuer: Beiersdorf Aktiengesellschaft
Unnastraße 48
20245 Hamburg
Deutschland
Phone: +49 (0)40 4909-0
Fax: +49 (0)40 4909-34 34
E-mail: kontakt@Beiersdorf.com
Internet: www.Beiersdorf.com
ISIN: DE0005200000
WKN: 520000
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Hannover, München, Düsseldorf,
Stuttgart; Terminbörse EUREX

End of News DGAP News-Service

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