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RNS - Antitrust approval of the EU Commission obtained for the sale of the Climate Division

Company: Arbonia AG Date: 2025-01-30 Language: English Register to download

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 News Details

Ad-hoc | 29 January 2025 07:00

#   

Antitrust approval of the EU Commission obtained for the sale of the Climate Division

Arbonia AG / Key word(s): Disposal  

  

29-Jan-2025 / 07:00 CET/CEST  

Release of an ad hoc announcement pursuant to Art. 53 LR  

The issuer is solely responsible for the content of this announcement.  

  

- - -

**Arbon, 29 January 2025 – Yesterday, on 28 January 2025, the EU Commission approved the sale of the Climate Division** **to Midea Electrics Netherlands B.V., a company of the Midea Group, without conditions or requirements. As a result, all required approvals of the responsible national antitrust and investment control authorities (FDI) as well as the European Union have been granted without conditions or requirements. The closing of the sale, announced on 18 April 2024, will take place at the end of February 2025.**

The EU Commission has completed its antitrust review of the divestment of the Climate Division and approved the transaction without conditions or requirements. This means that all required approvals of the antitrust and investment control authorities have been obtained. The parties plan to complete the transaction at the end of February 2025, after the conclusion of the Chinese New Year festivities.

The Board of Directors also reaffirms its already publicly stated commitment to participation of the shareholders in the sales proceeds. Further information on shareholder participation and timing of the distribution will follow in the press release on the closing .

**Contact**  

Fabienne Zürcher  

Head Corporate Communications & Investor Relations  

T +41 71 447 45 54  

[fabienne.zuercher@arbonia.com](mailto:fabienne.zuercher@arbonia.com)

  

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End of Inside Information

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|     |     |
| --- | --- |
| Language: | English |
| Company: | Arbonia AG |
|     | Amriswilerstrasse 50 |
|     | 9320 Arbon |
|     | Switzerland |
| Phone: | +41 71 447 41 41 |
| E-mail: | holding@arbonia.com |
| Internet: | www.arbonia.com |
| ISIN: | CH0110240600 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2076557 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | EQS News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2076557&application_name=news&site_id=news_data)

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