Manz AG - M&A Activity 2024 | FinancialReports.eu

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Ad-hoc | 8 May 2024 16:50

Manz AG sells Hungarian company and thus optimises production structure

Manz AG / Key word(s): Disposal

Manz AG sells Hungarian company and thus optimises production structure

08-May-2024 / 16:50 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

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

Publication of inside information in accordance with Art. 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation)

Manz AG / Key word(s): Sale

Manz AG sells Hungarian company and thus optimises production structure

Reutlingen, May 8th, 2024 – Manz AG (ISIN: DE000A0JQ5U3) is selling its Hungarian subsidiary Manz Hungary Kft, Debrecen/Hungary, to Harro Höfliger Verpackungsmaschinen GmbH, Allmersbach, as part of a share deal, subject to contractually agreed conditions precedent and potential regulatory approvals. A corresponding agreement was signed by both parties today. The transaction is expected to be completed in the second quarter of 2024.

Manz Hungary Kft. specialises in the machining and welding of large-format objects, CNC milling and turning as well as the assembly of components and machines. With the sale of the Hungarian subsidiary, Manz AG optimises its production structure and gains greater flexibility in the manufacturing process through the planned close cooperation with Harro Höfliger Verpackungsmaschinen GmbH. The inflow of EUR 8 million from the transaction will additionally strengthen Manz AG’s liquidity.

Additional information:

ISIN: DE000A0JQ5U3

WKN: A0JQ5U

Ticker Symbol: M5Z

Market segment: Regulated Market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG

Steigäckerstraße 5

72768 Reutlingen

Deutschland

Investor Relations Contact:

Manz AG

Axel Bartmann

Tel.: +49 (0)7121 – 9000-395

E-Mail: [email protected]

Kirchhoff Consult AG

Mario Groß

Tel.: +49 (0)40 – 609 186 82

E-Mail: [email protected]

End of Inside Information

08-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Manz AG
	Steigäckerstr. 5
	72768 Reutlingen
	Germany
Phone:	+49 (0) 7121 9000-0
Fax:	+49 (0) 7121 9000-99
E-mail:	[email protected]
Internet:	http://www.manz.com
ISIN:	DE000A0JQ5U3
WKN:	A0JQ5U
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1898959