Regulatory Filings • Aug 6, 2007
Regulatory Filings
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Ad-hoc | 6 August 2007 11:05
Henkel KGaA:Transaction Value for Adhesives/Electronic Materials business of National Starch amounts to 2.7 billion GBP
Henkel KGaA / Miscellaneous/Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Transaction Value for Adhesives/Electronic Materials business of National
Starch amounts to 2.7 billion GBP
In addition to our notification of July 30, 2007 that Henkel and Akzo
Nobel, N.V., Arnhem, The Netherlands, have signed an exclusivity agreement
and have also negotiated a back-to-back agreement under the terms of which
Henkel would acquire the adhesives and electronic materials businesses of
National Starch and Chemical Company, Bridgewater, N.J., USA, a subsidiary
of Imperial Chemical Industries PLC (ICI), London, UK, we hereby notify
that on August 6, 2007 Henkel and Akzo Nobel have reached agreement that
the transaction value for those businesses will amount to 2.7 GBP (close to
4 billion euros). The adhesives and electronic materials businesses of
National Starch had sales of 1.26 billion GBP (approx. 1.85 billion euros)
in 2006.
It is intended - subject to approval by Henkel’s Shareholders' Committee -
to execute the back-to-back agreement immediately prior to the formal
announcement of an offer by Akzo Nobel for ICI.
This transaction is subject to the succesful completion of the takeover of
ICI by Akzo Nobel.
DGAP 06.08.2007
Language: English
Issuer: Henkel KGaA
Henkelstr. 67
40191 Düsseldorf
Deutschland
Phone: +49 (0)211 797-3937
Fax: +49 (0)211 798-2863
E-mail: [email protected]
Internet: www.henkel.de
ISIN: DE0006048432
WKN: 604843
Indices: DAX
Listed: Amtlicher Markt in Berlin, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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