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K+S AG M&A Activity 2020
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M&A Activity
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Ad-hoc | 11 March 2020 13:52
K+S Aktiengesellschaft: K+S is driving the complete sale of the Operating Unit Americas forward and is realigning the company
K+S Aktiengesellschaft / Key word(s): Strategic Company Decision
K+S Aktiengesellschaft: K+S is driving the complete sale of the Operating Unit Americas forward and is realigning the company
11-March-2020 / 13:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Today, the Supervisory Board has agreed with the decision of the Board of Executive Directors from March 5, 2020 to drive the complete sale of the Operating Unit Americas forward. Signing is expected in 2020. Thus, the focus on the business with mineral fertilizers and specialties is connected with a comprehensive realignment of K+S. This includes a major restructuring of the organization as well as a new dimensioning of the administrative functions. The realization of all measures will allow the company to reduce its net financial debt presumably by significantly more than € 2 billion and enables K+S to fulfil the requirements of a stable crossover rating. The new positioning with a solid financial basis enables K+S to expand the profitable business with fertilizer specialties.
Contact:
Investor Relations:
Dirk Neumann
Phone: +49 561 9301-1460
11-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | K+S Aktiengesellschaft |
| Bertha-von-Suttner-Str. 7 | |
| 34131 Kassel | |
| Germany | |
| Phone: | +49 561 9301 0 |
| Fax: | +49 561 9301 2425 |
| E-mail: | [email protected] |
| Internet: | www.k-plus-s.com |
| ISIN: | DE000KSAG888 |
| WKN: | KSAG88 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 994497 |
| End of Announcement | DGAP News Service |